Henry Ford must have had deep insite that is still lasting through a 2nd collaspe of the economy.

In 2006, according to Mark S. Watson's published an article ( Government Debt ); "The nation of America is in a very serious crisis. ...  Fear-mongering aside, it should behoove us all to remember that any household that must continually go to the bank to borrow the money it needs for rent, food, clothing and energy is in serious trouble." 

In October 2008, article "Those Who Do Not Learn Economic History Are Doomed To Repeat It" shared  "companies were instructed to fire employees, reduce spending, curb investment, and cut salaries."

First USA Economic Crash

"On Thursday 24th October 1929, Wall Street Crashed. This day became known as Black Thursday as it heralded the end of the Roaring 20s and sealed America's decent into depression. Some rich businessmen and bankers were persuaded to invest $250,000,000 in buying up stock but to no avail. In only 37 days the US economy had lost 47% of its value and would fall further during November.

All these factors, and especially the Wall Street Crash in 1929, combined to cause the USA's fall into depression.

Text by Mr Huggins