Comments by "Daniel Larson" (@daniellarson3068) on "Growing Up During the Great Depression" video.

Some had no food. My mother lived on a farm next to a railroad track. Hobos would come to their door just asking for food. My mom said these men didn't cause trouble or steal anything. They were just hungry men out of work.
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Interesting talk - What caused the Great Depression? I learned over speculation and over production. It was a failure of capitalism. Why can working people not afford one of their basic needs, housing, today? It is a failure of capitalism. It was said there were tent cities in the Great Depression. They called them Hoover towns. Today, many large cities and some not so large have tent communities, but the name of Herbert Hoover has been forgotten. Technology in the Great Depression introduced continual improvements to people's lives. This is a success of Capitalism. Today's technology is not so admired because it can remove one's livelihood. Due to its implementation, this is a failure of capitalism. What policies were introduced in the Great Depression to help people? There were policies of Socialism that are still with us today. Have a good one.
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@EconLessons Good description but to someone like me who is not an economist this appears to describe symptoms rather than the underlying cause. You've piqued my curiosity a bit. I may investigate. I suspect markets inevitably need regulations as part of the symptom alleviation to the Great Depression was regulations. Once I heard they were necessary to prevent cyclical upsets.
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