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.

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comment Does contact with metal surfaces reduce the vitamin levels of vegetables?
@Oddthinking, I was just laughing at that myself.
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reviewed No Action Needed What's the right terminology for a democratic, free and and anti-dictatorial socialism/communism?
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reviewed No Action Needed What are the benefits/drawbacks of a weighted vote based upon federal taxes paid?
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reviewed No Action Needed What's going on in Crimea (Ukraine crisis) in simplest terms?
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reviewed Leave Open What's going on in Crimea (Ukraine crisis) in simplest terms?
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reviewed Leave Open How do today's Germans percieve the Nazis
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reviewed Close Which sovereign states currently have nuclear power stations but no nuclear weapons programs?
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reviewed Close If Democrats lose the Senate now, what are the chances of getting it back in 2016?
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reviewed Leave Open Could Obama have passed Obamacare in the first 2 years when the Dems controlled both houses?
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reviewed Leave Open What was the rationale behind cutting SNAP payments? when will it increase again?
Aug
27
comment What is a "cruel and unusual" punishment?
@Avi, it was a bit of a joke, but technically in lawyer speak AND has a very specific meaning where both conditions must be true. For it to mean what you want it to mean, it would have to be written, "Excessive bail shall not be required, nor excessive fines imposed, nor cruel punishments inflicted, nor unusual punishments inflicted."
Aug
27
comment What is a "cruel and unusual" punishment?
The Constitution doesn't ban only cruel, or only unusual punishment. It only prohibits punishment that is both cruel and unusual. I suppose this means the USA could execute prisoners by octopus, or could have prisoners mauled by dogs (dog bites are common in the USA).
Aug
26
comment US Presidential salary
Ford received $200k, and FDR received $75k. Even Nixon who served before Ford made $200k, and Ford was a member of Congress in 1969 when Presidential pay was increased to $200k
Aug
25
comment Does child rearing by homosexual couples have any measurable negative effects?
They have unstable relationships. The most recent study found that about half of children had negative outcomes married couples children faired better. Critics would argue that the study methodology wasn't measuring children raised in homosexual stable families, and Regnerus would argue that he couldn't find any stable homosexual relationships.
Aug
24
comment What was the rationale behind cutting SNAP payments? when will it increase again?
@caseyr547, since the ARRA increase was in addition to the normal thrifty food plan, those individuals receiving benefits should already be receiving enough aid to ensure a healthy diet. Also, since the ARRA increased benefits by 15% on average, but only reduced benefits by 10% on average when it expired, SNAP recipients had a net increase if you don't consider the bonus ARRA benefits
Aug
24
answered What was the rationale behind cutting SNAP payments? when will it increase again?
Aug
23
comment How do today's Germans percieve the Nazis
I asked specifically for, "institutional (governmental) bias" and you come back with Trevon Martin (shot by private citizen), segregated proms (sponsored by private individuals and not the school), and fire fighter discrimination. You presented no evidence of institutional discrimination. If "urban" schools have fewer teachers, less money, etc. show some actual evidence. So far I don't see it.
Aug
22
comment How do today's Germans percieve the Nazis
"governmental) bias against Jews like there is against African-Americans" got a reference for that? if anything, there is a bias for blacks in the USA.
Aug
22
comment How do today's Germans percieve the Nazis
Was the editor for Hitler's speeches a grammar nazi?
Aug
22
comment What was the rationale behind cutting SNAP payments? when will it increase again?
I wouldn't call it a cut, just the ending of a temporary increase. Right?
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