Institution that caused the great depression.
The Federal Reserve loaned out extra lines of credit to lower banks and those banks loaned out the extra credit to the people. In Capitalism there wouldn't be extra money given to banks to loan out. The banks would restrict credit and the business cycle would stablize itself.
When the economy turned bad starting in the mid 1920s people couldn't pay back all of their credit, banks lost money and failed, and the Great Depression started.
The Federal Reserve loaned out extra lines of credit to lower banks and those banks loaned out the extra credit to the people. In Capitalism there wouldn't be extra money given to banks to loan out. The banks would restrict credit and the business cycle would stablize itself.
When the economy turned bad starting in the mid 1920s people couldn't pay back all of their credit, banks lost money and failed, and the Great Depression started.
Thanks to socialist institutions like the Federal Reserve, we entered the Great Depression, only to be saved by the capitalistic industrialists of the WWII era
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"Oh my god, have you met David from Oxford? His accent totally melts me, I bet he owns a castle and everything."
"Girl - sounds like you've got Darcy fever."
"Girl - sounds like you've got Darcy fever."
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Jennifer: hey girl where were you yesterday because I didn't see you
Katie: I had Trump Fever because Trump won the election and I almost passed out Tuesday
Jennifer: wow I almost was to devastated to go to work too but when I called and told my boss I wasn't going to be there he said "suck it up"
Katie: I had Trump Fever because Trump won the election and I almost passed out Tuesday
Jennifer: wow I almost was to devastated to go to work too but when I called and told my boss I wasn't going to be there he said "suck it up"
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Get the nathan feuerstein mug.When you reach the end of your rope and begin using a tarot deck to answer serious questions that you should be consulting friends, family, or preferably a therapist about. Subsequently, you pick a card from a tarot deck and proceed to make life-altering decisions that you will probably regret later. Alternatively, when you take the "advice" from tarot cards instead of listening to (ironically the same) advice that your friend has been telling you for weeks.
Beth: "Last night I went into a tarot fever and impulsively decided to drop out of college because the cards said I needed to change something in my life in order to be happy."
Ashley: "Damn, you have to stop making decisions while you're in a tarot fever."
Ashley: "Damn, you have to stop making decisions while you're in a tarot fever."
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