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geowizard
14:17:15 Tue
Aug 11 2009

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Depressed?


Do you feel depressed? What does depression have to do with mining?

I'm referring to "economic depression" and the fact that when we in America think about the economic depression of the 1930's as the "Great Depression" , we have forgotten about the "LONG DEPRESSION".

The mining law of 1872 was created to promote the development of mineral resources in the United States of America to STAVE OFF the PENDING World Economic Depression of 1873.

October 1873 began the "Long Depression". It was longer than the "Great depression".

Mining created jobs. Eventually, economic recovery was possible. Mining helped develop the industial revolution.

There is not ONE industry that does not depend on mining!

Just thought you might be interested in WHY the Mining Law of 1872 was passed. Instead of borrowing our way out of a depression, WE mined our way out of depression!

http://en.wikipedia.org/wiki/Long_Depression


  
baub
14:52:51 Tue
Aug 11 2009

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Re: Depressed?

I didn't know that Geo. Excellent post !!



b

  
Tom_Twosocks
16:37:44 Tue
Aug 11 2009

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Re: Depressed?

Now the Government just mines our pockets / pocket books!

Tom

  

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