Needless to say, various commentators on today’s economic and financial climate in the United States, have seen parallels with the time of the Great Depression. Admittedly. that economic disaster triggered in 1929 by conditions over here similar to ours at the end of the George W. Bush Administration, hit Americans on a much bigger scale. Unemployment, for example, was 25 percent, not 9.1 percent, which is high enough certainly, given that one major political party, the Republicans, have dedicated themselves to keeping it at that level.
Recently, the amazing overnight growth of the OWS, [Occupy Wall Street] movement has brought to mind a similar activity in the early 1930’s, albeit in this case on a much smaller extent compared to the flood of occupiers worldwide at the present time. It then involved the “occupation” of only a single city, Washington D.C., by some 40,000 people, mostly comprised of military veterans of the First World War and their families. They are known to history as the Bonus Army, although in their own eyes they preferred the term Bonus Expeditionary Force, reflecting the name, the “American Expeditionary Force,” under which they were sent to Europe in 1917-1918.
Read more ›
