Talk:Long Depression

message: It seems to me this article has some contradictory information and doesn't really explain clearly any consensus of what the "Long Depression" actually was, whether it was a Depression at all, and what its effects were. Could someone with knowledge of the economies of this time period possibly clarify and clean up this article?76.110.200.142 (talk) 00:38, 4 April 2008 (UTC)
replies: text:  Also agreed. The silver supply was expanding in America in the 1870s because America found tons of silver in the West, but I can only guess that this far outweighs the impact of what the government was doing. JoshNarins (talk) 19:53, 9 April 2010 (UTC)
replies: text:  Also agreed. Even a non-expert could help by fixing up the writing. DeepNorth (talk) 17:22, 24 July 2012 (UTC)
thread_title:  Expert Attention 

message: I've just read opening chapter of Age of Imperialism and in it H simultaneously talks about the contraction during these years, while on another note he makes the contradictional claim that growth was stronger during these years than in the decades before. I've also studied Paul Kennedy's The Rise an Fall of the Great Powers, which actually shows very robust growth during this era. When googling +"long depression" -medication -psychic -life -canyon -valley the results seem to indicate that the hits are based on H's argument. Prezen 16:05, 20 January 2007 (UTC)
replies: text: Isn't this as much an indictment of the web as a source of information as anything else? Rick lightburn (talk) 21:34, 4 November 2008 (UTC)
thread_title:  Long Depression a figment of Hobsbawn's imagination? 

message: User:Thetfordian introduced an odd sentence into the "Causes of the crisis section" on 22nd Oct 2007:
: "Germany went on to gold and the price of silver started to fall causing considerable losses of asset values."
What did Germany do?  Why did it cause the price of silver to fall?
210.23.138.171 (talk) 10:16, 17 December 2007 (UTC)
thread_title:  What did Germany do with the gold? 

message: You can read an interesting if brief article suggesting the 2007-08 crisis bears more similarity to the Panic of 1873 and the Long Depression than to the crash of 1929 and the Great Depression on the History News Network:
http://hnn.us/roundup/entries/55175.html
There seems to be ne great true answer of what a Long Depression is or could be. My resolve is the distribution of a fundable task, my research reviels it as Money.  —Preceding unsigned comment added by D.G.DeL-Dorchester Mass (talk • contribs) 18:05, 10 July 2009 (UTC)
thread_title:  Similarity to 2007 credit crunch and 2008 crash 

message: (Text transferred from the article by Bertux (talk) 06:46, 10 April 2010 (UTC)
thread_title:  GNP - Hidden comment of User:84.189.193.193 

message: As this book notes, the Friedman/Schwartz data series is NNP not GDP (although it's often misrepresented as GDP).
I also corrected a statement that said real wages rose 75% from 1869 to 1879. I don't know how that come from Rothbard's numbers - from 1869 to 1879 he says "Both consumer prices and nominal wages fell 30% in the last decade of greenbacks" - i.e, 1869-1879, so prices fell and wages fell at the same rate and real wages stagnated. He does go on to point out that nominal wages rose 23% in the 1880s and prices fell 4.2% (which I noted) but that's not nearly 75%. Equilibrium007 (talk) 04:50, 20 July 2010 (UTC)
replies: text: Sure, we can mention the difference between net product and gross product, but that doesn't mean that the growth was greater. Gross product and net product are pretty correlated. Equilibrium007 (talk) 01:44, 21 July 2010 (UTC)
thread_title: Real wages and Friedman/Schwartz series

message: The sentence "Though a period of general deflation and low growth, it did not have the severe economic retrogression of the Great Depression." in the first paragraph needs clarification - is the sentence saying that the depression that is the topic of the article was not as bad as the 1930's depression, or the opposite?  — Preceding unsigned comment added by Rikeus (talk • contribs) 15:20, 18 March 2013 (UTC)
replies: text: It's saying it wasn't as bad as the Great Depression.108.211.37.125 (talk) 08:53, 13 June 2013 (UTC)
thread_title:  "Great Depression" confusion 

message: A reference in the fifth paragraph of the lead (currently reference #7), "http://www.nber.org/~wbuiter/cr2.pdf The Forgotten History of Domestic Debt, Carmen M. Reinhart" points to a dead link with a vague redirect to http://www.willembuiter.com/public.htm, and needs to point to the specific reference to the material Otr500 (talk) 03:26, 30 October 2013 (UTC)
thread_title:  Broken link 

message: The article focuses far too closely on the U.S. with brief and rather random comments on other 'great powers'; there is confusion about the dates and - here on the talk page, there is even a suggestion that the Long Depression is a 'figment of the imagination'!
My understanding is that the Long Depression is generally reckoned to have lasted from 1873-9 in the U.S. and from 1873 till some time in the 1890s in Europe (with 1896 as the preferred end-year for those who want a specific year):
:'... until as late as the 1950s the term 'Great Depression' in economic history generally referred to the period between 1873 and 1879 (in the US) or 1873 and 1896 (in the UK and much of Europe).
:http://www.iea.org.uk/blog/lessons-from-the-%E2%80%98long-depression%E2%80%99
:It appears that the position in Europe and the U.S. after 1879 was fundamenatlly different and this needs acknowledging in the article. We could also do with a section on Germany, which embarked on the road to economic 'top dog' in this period. Also, those figures on GDP need comment. Taken in isolation, they suggest that Russia was the leading economic power (well ahead of Britain) until 1850, but it really needs to be pointed out that (1) Russia's GDP was largely agricultural and (2) that at the time the population of Russia was much higher than that of any other European country. Norvo (talk) 01:50, 19 June 2014 (UTC)
thread_title:  Oh, what a mess! 

message: The assumption here is that it was all due to contraction of the money supply.  In fact the exact opposite can be shown, that all of the turmoil was due to the expansion of banking, as in later periods, and that was in fact the understanding of economists at the time.  — Preceding unsigned comment added by 173.66.247.53 (talk) 14:50, 6 February 2015 (UTC)
thread_title:  Keynesian hogwash 

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thread_title:  External links modified 

message: What is the sourcing for the GNP per capita graph? The details say "Equilibrium007 - Own work," but other sources seem to have very different-looking numbers. For instance, this has the GDP per capita (in 2012 dollars) hovering around $4000 until just before 1879, and certainly doesn't show a sharp upswing after 1875. Mwphil (talk) 19:01, 30 January 2023 (UTC)
thread_title:  Graph of US GNP per capita?