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.

6m
comment Why do republicans oppose S.2569, the Bring Jobs Back Act?
From the OP "and deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States"
7m
comment Why do republicans oppose S.2569, the Bring Jobs Back Act?
@Bobson, yes and? This bill is supposed to remove the tax deduction for businesses to move offices overseas (and add a tax deduction for business who move operations back to the USA). Are you denying that removing the tax deduction for businesses to establish overseas offices is a tax increase?
17m
revised Why do republicans oppose S.2569, the Bring Jobs Back Act?
fixed link...
19m
comment Why do republicans oppose S.2569, the Bring Jobs Back Act?
@DA., Orrin Hatch.
2d
comment Who said that organizations tend over time to become more liberal?
Stephen Macedo, but I don't think we do trivia here.
2d
awarded Yearling
2d
awarded Yearling
2d
revised Why do republicans oppose S.2569, the Bring Jobs Back Act?
added 4 characters in body
2d
revised Why do republicans oppose S.2569, the Bring Jobs Back Act?
gave the question context.
2d
answered Why do republicans oppose S.2569, the Bring Jobs Back Act?
Dec
17
awarded Nice Answer
Dec
16
awarded Vox Populi
Dec
16
awarded Suffrage
Dec
15
awarded Nice Question
Dec
14
comment Are members of organized rape gangs in the UK mostly of Kashmir / Pakistani origin?
@ChrisW, indeed. James Delingpole even concedes this point to Nelufar Hedayat, noting that in any country the majority race/ethnicity will likely be the one with the most criminals (I.e. most criminals in Japan are Japanese, Germany's criminals are mostly German, etc.) He does point out that Pakistani/Kashmir are disproportionately criminals in the UK. It is important to look at the proportion of criminals to their proportion in society.
Dec
14
comment How could a US Senator be prevented from reading classified information into the record?
What part of revealing classified documents doesn't sound like treason to you? I would as assume they could ask the Sergeant of Arms to arrest the traitor. "shall in all Cases, except Treason, Felony and Breach of the Peace, be privileged from Arrest during their attendance at the Session of their Respective Houses, and in going to and from the same; and for any Speech or Debate in either House, they shall not be questioned in any other Place."
Dec
13
accepted Are members of organized rape gangs in the UK mostly of Kashmir / Pakistani origin?
Dec
13
revised Are members of organized rape gangs in the UK mostly of Kashmir / Pakistani origin?
bolded the answer.
Dec
12
accepted Does IQ testing show that blacks on average score worse than whites?
Dec
11
comment Does IQ testing show that blacks on average score worse than whites?
@PauloScardine, that wouldn't explain the IQ of black African descendants (in Africa), unless you are implying that the Africans that captured and sold the slaves to European slave traders where also specifically capturing/breeding slaves for physical strength. Was there some mass migration of slaves back to Africa?
1 2 3 4 5