This is a pretty interesting wiki article. Apparently, recessions were much more frequent in the 1800s than the 1900s. https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States …
Show this thread
-
Recessions in the past 200 years seem to fall into these categories: 1. Loss of confidence in currency from counterfeiting 2. Constraint of trade (war or tariffs) 3. Massive inflation caused by lack of confidence in the currency 4. Loss of confidence in the banks i.e bank runs.
Show this thread
5. Deflation (this is a big one prior to about 195)) 6. Supply constraints for important commodities (i.e. oil) 7. General fear and loss of confidence (September 11th)
-
-
I don't understand inflation prior to the ending of gold convertibility. It seems like early American money was issued by semi-private banks and that this inflation was caused by a lack of confidence in their sustainability? Looks like whatever goes on in Hong Kong.pic.twitter.com/JmGfpxRUK3
Show this thread -
Maybe it was something like this? I guess the modern equivalent would be someone finding a rumpled up bitcoin password in an old jacket from 2011.pic.twitter.com/pBHQCsfoKU
Show this thread
End of conversation
New conversation -
-
-
would prob also add massive change (Zim land confiscation; E Eur econ liberalization); asset/commodity bubbles leading to credit hangover
-
How did Eastern European economic liberalization lead to a recession? People didn't know what to make when the economy ceased by centrally planned? Not sure if this led to a recession (or an economic boom), but it's a cool financial graph.pic.twitter.com/NTPzfcW4v1
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.