As George Santayana said, “Those who refuse to learn from history are condemned to repeat it.” Why are we repeating it?

As George Santayana said, “Those who refuse to learn from history are condemned to repeat it. ” Why are we repeating it? What about the lesson of the Great Depression?

There were six financial crises in America from the Civil War era to World War I. So what gives? Apparently history and finance classes should take a more significant role in the education of our youth.

Asked by AgentOrange 38 months ago Similar questions: George Santayana “Those refuse learn history condemned repeat repeating Society > story.

Similar questions: George Santayana “Those refuse learn history condemned repeat repeating.

Well, there were regulations placed on the banking industry after the last great depression to keep this from happening and deregulation stripped those protections off, so that the "free market" could expand and police itself. A bank only has to have a fractional amount of the money that they loan. A $1111.12 deposit at the federal reserve translates into about 100k in debt in the US.So, it’s a matter of cash flow.

The banks, which had loaned against mortgages were not having problems with assest, since, if a mortgagee defaulted, they received the collateral (aka the property) thereby gaining an asset. Unfortunately, assets of this nature are hard to turn over in a market where the credit system closes down. All the banks with the forclosed property need to do is sit on the property until the real estate market recovers, and they can get their money, plus a profit back.

But, with the loans going into foreclosure, that meant the maoney wasn’t coming in as payments to allow the banks to pay their bills as well as the debt they had accumulated. Please go to youtube.Com and search for "corrupt banking system" - you’ll be amazed at the smooke and mirrors, and the frailty of our existing system, and perhaps understand why it was doomed to come crashing down at some point in time. The key phrase to hone in on is money is created as debt.

Perhaps you’ll also get an inkling of why this system, and capitalism in general, will never survive in a system that has finite or dwindling resources. Schelli's Recommendations The Study Guide for Economics of Money, Banking, and Financial Markets, Alternate Edition for Economics of Money, Banking and Financial Markets plus MyEconLab ... Student Access Kit, Alternate Edition Amazon List Price: $28.00 Used from: $32.33 Average Customer Rating: 4.0 out of 5 (based on 14 reviews) A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) (Peter L.

Bernstein's Finance Classics) Amazon List Price: $19.95 Used from: $8.00 The Great Depression: America 19211.123 Amazon List Price: $16.95 Used from: $11.123 Average Customer Rating: 3.0 out of 5 (based on 16 reviews) The Second Great Depression Amazon List Price: $19.95 Used from: $600.00 Average Customer Rating: 3.5 out of 5 (based on 27 reviews) The Great Bust Ahead: The Greatest Depression in American and UK story is Just Several Short Years Away. This is your Concise Reference Guide to Unders Why and How Best to Survive It Amazon List Price: $11.127 Used from: $211.127 Average Customer Rating: 3.5 out of 5 (based on 48 reviews) Lessons from the Great Depression (Lionel Robbins Lectures) Amazon List Price: $211.127 Used from: $111.127 Average Customer Rating: 4.5 out of 5 (based on 2 reviews) .

1 Perhaps the problem is that as a species, we simply aren't all that intelligent. Think about it; half our population has an IQ under 100. Okay, under the IQ system that would be true no matter what our intelligence was in absolute terms, and I'd be the first to say that IQ is a very questionable form of intelligence measurement.

Nonetheless, it does seem that our species may simply not be intelligent enough to survive.

Perhaps the problem is that as a species, we simply aren't all that intelligent. Think about it; half our population has an IQ under 100. Okay, under the IQ system that would be true no matter what our intelligence was in absolute terms, and I'd be the first to say that IQ is a very questionable form of intelligence measurement.

Nonetheless, it does seem that our species may simply not be intelligent enough to survive.

Schelli replied to post #1: 2 I am! (138) .

4 Come on, this is like comparing the length of your penises. It doesn't mean much unless you're a couple. :DI learned what IQ was worth when I joined Mensa.At the first meeting I went to, I made a casual comment to a couple that was sitting behind me.

The woman went off on a lengthy harangue in which she interpreted what I'd said so literally and oddly as to turn it into some huge declaration of stupidity and stereotyping on my part. And then she proceeded to correct me in a loud voice. That is, she misinterpreted what I'd said to make it offensive, and then tried to bust my chops over the point.

It was then that I realized that although high intelligence is often a good thing, a sense of humor and kindness - not to mention a bit of common sense - are far more valuable. I only hope they're not as rare! Incidentally, I never bothered to attend another Mensa meeting, and when my membership lapsed I let it go.

I never missed it. I've known a few people who've made a big point of their IQs, and in every case so far those declarations have had the same effect: rather than impressing me, they've betrayed what seems to me to be a pretty massive inferiority complex on the part of the speaker. And a certain degree of social inability as well, I'm sorry to say.

Come on, this is like comparing the length of your penises. It doesn't mean much unless you're a couple. :DI learned what IQ was worth when I joined Mensa.At the first meeting I went to, I made a casual comment to a couple that was sitting behind me.

The woman went off on a lengthy harangue in which she interpreted what I'd said so literally and oddly as to turn it into some huge declaration of stupidity and stereotyping on my part. And then she proceeded to correct me in a loud voice. That is, she misinterpreted what I'd said to make it offensive, and then tried to bust my chops over the point.

It was then that I realized that although high intelligence is often a good thing, a sense of humor and kindness - not to mention a bit of common sense - are far more valuable. I only hope they're not as rare! Incidentally, I never bothered to attend another Mensa meeting, and when my membership lapsed I let it go.

I never missed it. I've known a few people who've made a big point of their IQs, and in every case so far those declarations have had the same effect: rather than impressing me, they've betrayed what seems to me to be a pretty massive inferiority complex on the part of the speaker. And a certain degree of social inability as well, I'm sorry to say.

" "why do learn about history" "I just saw 'The U.S. Vs. John Lennon'.....again....talk about history repeating itself! Have you seen this DVD?

I just saw 'The U.S. Vs. John Lennon'.....again....talk about history repeating itself! Have you seen this DVD?

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.