user1873

Earth

BG.SE

Age: 38

The economy is in fact over-expanded, particularly in railroad construction, and the weak link turns out to be the banking house of Jay Cooke and Company, which helped the U.S. Government finance the Civil War and also underwrote the construction of the Northern Pacific Railroad. Jay Cooke and Company, a large and respected banking house declares itself bankrupt, and announces its failure on September 18, 1873.. (The bank's collapse precipitates the "Panic of 1873" and the ensuing three yea depression during which more than 10,000 businesses fail.     The basic economic problems are overproduction, a declining market and deflation. Investors in Europe, where a depression is already underway, begin to call in American loans. The New York Stock Exchange closes its doors for 10 days; other businesses fail; and railroad construction is curtailed, with some railroads defaulting on their bonds. The unemployed begin to move about the country seeking jobs, and bread lines appear in the cities. The hard times drove numbers of laboring people and those in humble circumstances to the West and other portions of the country, to seek the rewards which the stagnation of business in the great commercial centre denied them.

16h
comment How can we ever free ourselves from oil when government is so dependent on it?
Crude oil is also used in the manufacture of many kinds of plastics, kerosine (jet fuel), and hundreds of other end products. This isn't just an energy issue.
1d
comment Has gun violence decreased in states with open carry laws?
@DA., care to list those several instances? I see exactly one. The Dickey Amendment in 1996. Perhaps you are reading too much into the article that you are imagining multiple instances of NRA intervention.
1d
comment Has gun violence decreased in states with open carry laws?
@DA., I'm not the one making the bold claims. You claimed, "federal funding issues and federal legislation that actually hinders the collection of said statistics." I linked evidence that that isn't the case. You retorted with an additional claim that the NRA has a record of blocking research, as evidence you used precisely one case (which I already refuted). My quip back was a bit of humor, since you considered a single instance a record, and my evidence shows the opposite of your conclusion. You are the one making strong claims without evidence.
2d
comment Has gun violence decreased in states with open carry laws?
@DA., since that "track record" your linked article is specifically the Dickey amendment, that the CDC/APA both agreed didn't block research, I suppose you could accurately say that the NRA has a track record of not blocking gun research.
2d
comment Has gun violence decreased in states with open carry laws?
@DA., except that the APA and the CDC both agree that the federal legislation didn't hinder collection of statistics.
Oct
20
awarded Teacher
Oct
20
comment Could a technological and scientifical proletariat worker class becomes real?
@KarlZorn, there you go. Being skilled in computers and other technologies makes un unlikely to be in the proletariat. You will be paid better than someone with little to no skills, who can only provide manual labor. As for the 'middle class' in Nepal being part of the proletariat in a global sense, I guess it is a good thing they live in Nepal. Perhaps the solution to growing the middle-class/bourgeois is to have all people globally move to Nepal? Then we can all be considered exceeding wealthy.
Oct
19
comment Secular phrase for "Heaven only knows" or "God only knows"?
@Emily, that is a better version of the same concept. Thanks.
Oct
19
revised Secular phrase for "Heaven only knows" or "God only knows"?
added 3 characters in body
Oct
19
answered Secular phrase for "Heaven only knows" or "God only knows"?
Oct
19
comment Who are the most creative marxists today?
@KarlZorn, "The rich get richer, and the poor get poorer," except that they don't. Marx predicted that because the proletariat would become poorer, that revolutions would occur in the most developed capitalistic societies. (How many centuries does he have to be wrong about this for before we decide he was wrong?). Marx's Labor Theory of value. This only works in government, where you can pay people to dig holes and pay someone else to fill in those holes. Spending money/labor doesn't create value, demand does.
Oct
18
comment Are US businesses paying historically low proportions of income as wages?
@LarryOBrien, I can see that as a possibility, but does that mean they are measuring business profits before (taxes, depreciation, capital expenditures) versus wages. Or after those expenses.
Oct
18
comment Are US businesses paying historically low proportions of income as wages?
I think this is slightly misworded. income is a measure of money coming in (profit/loss ledger), while salary/wages are expenses going out. Wouldn't it make more sense to compare wages/salary to total expenses? For example, if a business's income remained flat, but non-wage costs increased (materials), you could get historically low wages as a percentage. Or if their wages stay flat or even increase, but companies are making record incomes you could get the same result.
Oct
15
comment Can the American minimum wage be raised to $10.10 without any cost to taxpayers?
Wouldn't taxes increase because those minimum wage workers are earning more money? 12% of $21k is more than $15k (rough numbers from Minimum Wage Challenge)
Oct
13
comment How do the people in a one-party dictatorship take out their frustration at their government?
Revolt? Not sure exactly what you are getting at here. Taking out your frustration is really a psychological question not a political question.
Oct
12
comment What is the fundamental difference between the Democratic Party and the Republican Party?
The Democrats want to take everyone's money, but especially rich peoples and businesses, and give it to their cronies who are helping the less fortunate. The Republicans want to give your tax dollars to there cronies, but would prefer that your kids are the ones that pay for it.
Oct
12
comment What is the religious demographics of the GamerGate movement?
@AndrewGrimm, which portion? That Gamergate is a moral issue, that voting blocks need to be homogeneous to steer their vote a particular way, or the position of people on one side of Gamergate?
Oct
11
comment What is the religious demographics of the GamerGate movement?
The people upset about Gamergate are concerned with the lack of credibility in game journalism. Is this even a political question? Gamergate isn't a political issue, it is a moral issue. If this were about SCOTUS justices recusing themselves on certain cases it would make more sense. Are techies/gamers even a voting block (I would guess as a group they are too diverse to manipulate into voting one way)?
Oct
8
comment Does child rearing by homosexual couples have any measurable negative effects?
@ChrisW, sure the author covers it in a section just above the conclusion (ably a page before), and you can see in the tables the bolded outcomes that are statistically significant from the mean. I will edit the answer to include those findings.
Oct
8
comment Does child rearing by homosexual couples have any measurable negative effects?
@gnasher729, that probably would be better, or a comparison between adoptive hetero/homosexual couples. The hard part is thar you cannot randomize those studies, so all you are left with is that children from these sorts of families that tend to be more broken/less stable have poorer outcomes for their children. Like the studies that have continually shown that women cohabitating with their boyfriend but themselves and their children at greater risk of violence / sexual assault.
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