GREAT DEPRESSION Hi James, In your email you write that you are a high school student and you are researching the Great Depression and wonder if I, as a member of Technocracy, can give you some help. For a high school paper I think you will find enough information from the encyclopedia and other such sources. If you were writing a paper for a doctorate, then your research would have to be more thorough. Members of Technocracy Inc., a scientific, educational-research organization, have trouble with the accepted cause of the Great Depression. In your email, you express the thought that its cause was “government policies and publicized views.” Technocracy’s research establishes the point that the Great Depression was caused by other factors as the below explains. Henry Ford exemplifies the move from the slow, hand-tool, guild-craft method of production to sophisticated, technological, automated method of production. This had never occurred before in history. With this new method, a plethora of goods was produced, far beyond what could be consumed. Warehouses were bulging with inventory and industry was beginning to stagnate. That caused the Great Depression, the stock market crash merely helped it along.. Roosevelt tried to compensate for the lack of enough purchasing power to move the plethora of goods by “debt creation,” whereby putting a “false” purchasing power in people’s hands. It didn’t work. It took W W II to solve the Great Depression. The thought that our youth had to die in war in order to wipe out the Great Depression is saddening. I would be interested in your paper, especially if you include some of the thoughts of this email. Furthermore, I am the editor of my own newsletter and it is possible that I might publish your paper in it. Cheers, John A. Taube
