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Do you remember when America had a budget surplus, the wealthy had special tax breaks, and "trickle-down" was the phrase of the day? Businesses wanted smaller, less invasive government. There was big money to be made in the Stock Market, and bank loans were easy to get. Then it all went bad. The markets crashed, banks needed bailouts, and businesses closed. Soon economies were collapsing globally as our unemployment worsened.

You're likely thinking of recent years, not 1929. The names have changed, but the politics and reasons are strangely alike.

"Those who cannot remember the past are condemned to repeat it." - George Santayana, 1905

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9y ago
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12y ago

The expression is simple when you think about it.

History is talking about wars and tragidies etc from the past, But it all goes back to decisions by the monarchy (King or Queen or Steward) or a government. Which therefore makes it Politics, from the past..Or Past Politics

And the politics and terror wars and other things our government are currently doing, in 60 years will be classed as history, So therefore politics is todays history or Present history

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Q: Why is History a past politics and politics present history?
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