American Thinker: Seeds of Financial Catastrophe

Although our economy is still struggling to recover from what is now the longest recession since the Great Depression, the latter was a much greater catastrophe. From 1929-1939, unemployment reached as high as 25%, industrial production dropped 46%, wholesale prices fell 32% and foreign trade dropped 70%.

There is a general consensus about one of the most significant contributing factors to the financial crisis of the Great Depression:"