Things never change…

October 26, 2010

From the Rutherford B. Hayes biography I’m reading right now:

“Eighteen seventy-three was a bad year for the country, the state, and the party.  When in September the banking house of Jay Cooke collapsed, the nation entered into the most severe depression – panic, as it was called – in its history.  Millions lost their jobs, businesses went into bankruptcy, and the effect on politics was the usual one:  the party in power was held responsible.”


One comment

  1. Wow, amazing how history just keeps on repeating itself, isn’t it?

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