21.01.2014 - "St. Louis"1 and "Wall Street" etc. by dali48
1929/1933 and 2008/2012? ... by dali48 on HP
08.04.2001 - Interpretation of dali48
At last the captain (see G. Schroeder, ship "St. Louis" - d.48) succeeded in obtaining a license of discharge from the authorities of Antwerp (in 1933)...
Belgium, Holland, France and England took on the 937 Jews who longed for the country of the United States (they had already seen it and been rejected)...
Some of them later came in the hands of Nazis during the attack on Western Europe. - They were killed because the country of the Statue of Liberty wasn't ready to open the "golden gate" to them… (R. Winter)
It took a national catastrophe, namely the legendary crash at the "Wall Street" (1929) with the mass impoverishment. - 85000 businesses went under. - 5000 banks closed their doors forever. - 9 million savings accounts were not worth anything. - to enable an administration to adopt social legislation, which earned that name (see "We are all a part of 'UN' - see Human Rights, see "Banking Crisis" 2008 without Basic Income" etc. - d.48)… (D.S. Wyman)
Ceteris paribus, financial crises lead to higher inflation rates. Currency crises have a stronger and longer effect compared to banking crises. Sovereign debt crises also raise inflation rates. Monetary policy and public debt explain a part of the effect.
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