Posts Tagged ‘Great Depression

What happens to commitments of love in a time of economic angst? Watch the classic film “Cabaret,” set in Depression-era 1930s Berlin, for a clue to the mind-set that can occur when romance takes a backseat to survival. The show’s view of love in the song “Money”: “Money makes the world go around … But [...]

The economic crisis has made everyone acutely aware of the risky, tenuous nature of global systems, and not just the financial ones. In the past, major economic crises (the Wall Street Crash of 1929, the Great Depression) increased people’s appetite for change and their willingness to try something different in order to solve problems. Will [...]

13 Oct, 2008

The current credit crisis

Posted by: Marian Salzman In: credit crisis| the economy

Down the road, how will people look back on the current credit crisis? And what does it mean for us right now? In the 1920s and ’30s, the Wall Street Crash led to the Great Depression. In the 1970s, we faced the oil crisis, followed by stagflation. Less than a decade ago, the dot-com bubble [...]