Great Depression
*noun*; global economic collapse; in the USA, this began in 1929 and persisted to 1939; most other industrialized countries emerged from the Depression earlier. During the Great Depression, unemployment reached over 25% in the USA, and those who had jobs suffered severe wage cuts. The index of industrial output fell over 53% from its high in July '29, while trade and capital markets plummeted to mere fractions of their former levels. *What Happened* _____________________________________ Many people imagine that the Stock Market Crash (Oct '29) and the Great Depression are the same thing. However, it took another three years for employment, bank failures, and declining industrial output to run its course. In 1929 the USA had 25,000 banks. By 1933, 10,000 had either failed or been merged with another to avoid failure. At this time there was no FDIC, so depositors mostly lost their money. Another phenomenon was plunging prices: the consumer price index fell 25% during the first four years. For businesses, this was a disaster, and forced them to lay off millions. The Great Depression made farms in much of the Southwest unviable; ruined farmers fled to California or Washington, and their abandoned farms succumbed to the Dust Bowl. This was the single largest ecological disaster in recorded history. *How It Happened* _____________________________________ There are basically three main explanations for the Great Depression. 1. During the 1920's, there was a huge and growing disparity between rich and poor. The incomes of the great majority rose much more slowly than productivity, but this was masked by increased borrowing. People were able to borrow because the market value of their assets was larger than what they owed; but when a rash of defaults occurred, then the market value of assets plummeted, and people owed more than their assets were worth. Businesses had to lay off workers, which further reduced aggregate demand. 2. The Great Depression began as another minor downturn, but was made much worse by the failure of the Federal Reserve to respond adequately (see Milton Friedman & Anna Schwartz). While the Fed reduced interest rates, prices fell even faster, so real interest rates soared. This made a quick recovery impossible. 3. The financial markets (combined with Fed supervision) distributed capital badly; for example, speculative ventures in growing wheat in the Great American Desert, real estate in Florida, and so on. When this arrangement of productive resources failed, it constituted an extremely large technology shock. Subsequent policy intervention tended to withhold capital and labor from the most productive enterprises, making the depression deeper. (Explanation 3 is the New Classical economics explanation; see Harold Cole & Lee Ohanian.) *Roosevelt Administration* _____________________________________ Franklin D. Roosevelt was elected by a landslide in 1932, and inaugurated 4 March 1933. The White House immediately used emergency powers to close, restructure, and re-open the nation's banks. During the first 100 days of the FDR administration, Congress passed the New Deal which greatly eased the impact of the Depression on the hardest hit. The New Deal did not significantly hasten the end of the Great Depression, because it was too small to provide a meaningful fiscal stimulus. However, it did introduce many important programs to help those affected by poverty. The Depression had ended in most of the world by 1937; the US was mostly recovered by 1939, when World War 2 broke out.
The Urban Dictionary Tee
The Fucklix t shirt is perfect but I am still waiting for the xlarge I ordered. These are gifts and will be just what is needed. Hope I receive the xlarge soon then it's time to give them to the people I ordered them for. So glad I saw them . Thanks.
My wife loves it. Nice quality and so funny for the wearer. Thank you!
The shirt fit amazing, package was shipped rather fast! Thank you so much..
It is absolutely perfect and I love wearing it. Thank You.
Love the short mine says bih on it
this shit stays on during sex
Love it! Buyed it for my sister but I had to make it say her favorite anime 💀✨
LOVR THIS SHIRT OML SO CUTEEEEE😍😍😍
mine had gay on it. Instant sex.
I love my NIckIsBum T-Shirt, it is very comfortable.
used it as a cum rag
Great fit and soft material. Gave as gift. Big hit!
Great conversation piece! Plus I can never find anything with my name on it. This was a great find! Will definitely order more!!!!
Got exactly what I wanted.
Exactly what I expected, thanks!
I don't visit Urban Dictionary alit so I only recently saw they offered merch. I immediately started looking up words for potential Christmas gifts. Found the ideal gift for my brother & ordered a shirt. It arrived very quickly and I love it. It's exactly as pictured on the site and being able to customize it with his name makes it perfect. I only hope he loves it as much as I do. Will definitely keep Urban Dictionary in mind when I need to find a great gift.
i love my shirt i made it say sapnap cause yassssssssss
Best This is the best shirt I have ever gotten I love it and I definitly recomend it to any friend named Hailie
So cool to quickly be able to turn a trending phrase into wearable art!
it was really good i put dad with the def of tfu and lol
Review Details
Pro Customization
Create unique products with your own words and definitions
Live Preview
Personalize Your Design
Debug: Product Metadata
| Key | Value (click to copy) |
|---|---|
Copied! | copiedKey = null, 1500);
"> |
Return Policy
Made Just For You
Each product is custom-printed with your unique text, making it truly one-of-a-kind.
Defect-Free Guarantee
If your product arrives with printing defects, damage, or quality issues, we'll send you a free replacement.
Custom Orders
Due to the personalized nature of your order, we don't accept returns for change of mind or sizing issues.
Questions about your order? Contact our support team for assistance.
Share this product
Size Guide
Measurements may vary by up to 2" (5 cm). Pro tip: Measure one of your t-shirts at home and compare!
A - Length
Measure from the top of the collar to the bottom hem
B - Width
Measure across the chest from armpit to armpit
Size Chart
| Size | Length | Width |
|---|---|---|
| XS | 27" | 16½" |
| S | 28" | 18" |
| M | 29" | 20" |
| L | 30" | 22" |
| XL | 31" | 24" |
| 2XL | 32" | 26" |
| 3XL | 33" | 28" |
| Size | Length | Width |
|---|---|---|
| XS | 69 cm | 42 cm |
| S | 71 cm | 46 cm |
| M | 74 cm | 51 cm |
| L | 76 cm | 56 cm |
| XL | 79 cm | 61 cm |
| 2XL | 81 cm | 66 cm |
| 3XL | 84 cm | 71 cm |