The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 22, 2011

Comments

Rachal

I read about Wal-Mart in the Wall Street Journal, which was interesting because I did not think would raise their prices. As one person said "Customers did not leave wal-Mart, but Wal-Mart left the customers". Wal-Mart need to not try to be like the other stores all fancy. Wal-Mart need to remember their customers were happy and can afford their items. Probably a change of management and wanting to change things around, but forgot how this would affect the customers and their revenue.

Dennis Elam

Nothing gets a company in more trouble than straying from their core competency or leaving their original customers in search of another.
WMT has struggled with the clothing business. One observation is that the changing rooms are in the middle of the store leaving one feeling well exposed in the middle of the store. Lst night even Jay Leno remarked that WMT was abandoning designer clothing, noting that WMT customers did not feel comfortable in shirts with sleeves-OUCH!
My sense is that the WM era of domination is ending. Interesting that a discount chain was humbled by other discount chains such as the Rise of the dollar stores.

Alice D Hernandez

Mr. Sam Walton really did appear to care about the "American working class". He kept prices low and one could depend on the "low prices" without worrying whether an item was lower priced else where...

When the sons took over the greed kicked in. The fact that Wal-Mart "Raised prices on some items while promoting deals on other items..." really caused working class Americans to stray away in search for the "True" lower prices.

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