Poverty, unemployment and so forth typically qualify.
Not sure what you are alluding to here. The Federal Reserve System was adopted in 1913, so when exactly before that was "record unemployment" and "people losing their life savings"? Because the panics before were quite mild compared to what would come after the Fed was created.
Mild? I'm not sure what history you're referring to but it has nothing to do with the Nineteenth Century compared to the Twentieth.
That's incredibly vague. Does getting fired by your employer qualify? Employer going out of business from a competitor qualify?
Was the employer reckless? Was the problem preventable? Did they bring everyone else down with them? Is it something that can be prevented with regulation? Then yes.
And yet estimated levels of unemployment in the 19th century were never about 10%.
And again, I don't know what history you're referencing. You are entitled to your own opinions, but you are not entitled to your own facts. That being the case I'm finished arguing here. The last comment is yours.
Poverty, unemployment and so forth typically qualify.
Mild? I'm not sure what history you're referring to but it has nothing to do with the Nineteenth Century compared to the Twentieth.
That's incredibly vague. Does getting fired by your employer qualify? Employer going out of business from a competitor qualify?
And yet estimated levels of unemployment in the 19th century were never about 10%.
Was the employer reckless? Was the problem preventable? Did they bring everyone else down with them? Is it something that can be prevented with regulation? Then yes.
And again, I don't know what history you're referencing. You are entitled to your own opinions, but you are not entitled to your own facts. That being the case I'm finished arguing here. The last comment is yours.