79 Years Ago, Today

A new blog, News from 1930, summarizes the news that appeared in The Wall Street Journal each day in 1930. For example, on Wednesday, June 25, 1930 a broker said, “When this economic and market readjustment has been completed, it will merely be represented by a small curve downward in our steadily mounting curve of prosperity, consumption, production, and efficiency … ” (HT: Megan McArdle) [%comments]

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  1. athelas says:

    In the end, of course, it was true. How much better off are we now, or even decades ago, than we were in the ’20s?

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  2. Anonymous Coward says:

    That anonymous broker was right. One just needs to plot GDP per capita on a large enough timescale. 150-200 years will do.

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  3. charles says:

    It’s like reading yesterday’s paper – same concepts and problems. This was the best:

    “Congress will adjourn in about a week – this might help market sentiment.”

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  4. Avi Rappoport says:

    @#2 – past performance is no guarantee of future results. Next 150 years we may be dead or on the moon…

    I like the idea of making the history connect to our own experience so vividly. Some people know very little of what happened then and how it connects to what’s happening now

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