Capitalist Production and Depression in America

The U.S. experienced a state of depression from 1790 to 1925. To which a terrible cyclical crises and collapses where inherited in capitalist production: Depression at this time has a character of, prosperity, and was almost as frequent. This depression in the United States is more than the normal cyclic structure. Its duration, severity and specificity are determined by non-cyclical economic downturn. It is not simply that another depression is inevitable after another brief period of prosperity? Although that in itself is enough to condemn capitalism, disaster economic collapse, mass unemployment and hunger where to repeat. Capitalism has many depressions, which has survived in fact the starting point for further increases in wealth.

In the previous economic downturn forces were strong enough to initiate and complete a recovery movement, but the recovery seems now almost indefinitely. Government intervenes to recovery, which is cared for and pampered and kept alive with all kinds of stimulants, government financial aid and the needle speed of such as Inflation. A strong contrast to the grim old capitalism!
In contrast with previous experience in this depression can not be a genuine revival of prosperity meant to cause an economic recovery and prosperity necessarily by the pressure of capitalist decline, the breakup of long-term expansion are limited include economic factors. These are the key events were the basis for the approval of the National Industrial Recovery Act, state capitalism.

The act of government: the captains of industry and finance, some say, have proven their incompetence! However, disability is an old story: In the past, failing to prevent the revival of prosperity, because capitalism was booming, a progressive economic force. If the government must act now, you have to provide the food industry, it is because of capitalism in crisis as a result of the decline and decay, depletion of progressive economic force.


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