STRESEMANN

Gustav Stresemann (1878-1929) was the son of a well-to-do restauranteur. He worked in the family business and studied hard. After attending the Andreas Real Gymnasium in Berlin, Stresemann studied literature, philosophy, and political economy at Berlin and Leipzig. During these student days, he discovered that he had powers of leadership as well as a capacity [...]

Roosevelt’s first war…on the Depression

Image via Wikipedia By late winter 1933, the nation had already endured more than three years of economic depression. Statistics revealing the depth of the Great Depression were staggering. More than 11,000 of 24,000 banks had failed, destroying the savings of depositors. Millions of people were out of work and seeking jobs; additional millions were [...]

The Consequences of the Great Depression

Though the U.S. economy had gone into depression six months earlier, the Great Depression may be said to have begun with a catastrophic collapse of stock-market prices on the New York Stock Exchange in October 1929. During the next three years stock prices in the United States continued to fall, until by late 1932 they [...]

Stalin’s Five Year Plans: Conversation with Szpakowski

Professor Michal Spakowski (Jastrӗbie Droj, Poland) was speaking to Rev Dr Kenneth Baker (Roscommon, Republic of Ireland)

The Wall Steet Crash didn’t cause the depression

The Wall Street Crash made a significant contribution to the onset of the Great Depression. It was a catastrophic downturn in share values caused by over-speculation. There had been repeated warnings during the “Roaring Twenties”, a time of prosperity, that the high values could not be sustained, but speculation continued nonetheless. Over a period of [...]

Did the Wall Street Crash produce the Great Depression?

On the 24th October 1929 and then again on the 29th October 1929, share prices on the New York Stock Exchange collapsed. To many people this came as a shock and very few people expected it. For seven years share prices had risen steadily and more people had invested money as a result. Many people [...]