Is this where we are headed?

1923
- President Warren Harding dies in office.
- Calvin Coolidge, becomes president. He is committed to laissez-faire and a non-interventionist government.
- Supreme Court nullifies minimum wage for women in District of Columbia.

1924
- The stock market begins its spectacular rise. Bears little relation to the rest of the economy.

1925
- The top tax rate is lowered to 25 percent - the lowest top rate in the eight years since World War I.

1928
Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial.

- Over the decade, about 1,200 mergers will swallow up more than 6,000 previously independent companies; by 1929, only 200 corporations will control over half of all American industry.

1929
- Herbert Hoover becomes President
- Annual per-capita income is $750. More than half of all Americans are living below a minimum subsistence level.
- Backlog of business inventories grows three times larger than the year before.
- Recession begins in August, two months before the stock market crash. During this two month period, production will decline at an annual rate of 20 percent, wholesale prices at 7.5 percent, and personal income at 5 percent.
- Stock market crash begins October 24.

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The similarities are unnerving and most of the laws to protect against this happening again have been dismantled by Republicans.