No, not 1937. Very different situation. The US was slowly coming out of the Great Depression with massive Federal spending and jobs programs. Union membership had doubled in the previous five years. Complete opposite to today.
We might be looking at a similar situation to the 1930s again, but with the USA closer to 1930s Europe and China closer to 1930s USA. China has had a recent speculative stock bubble.
Also, the Smoot-Hawley Tariffs took effect in 1930 (we're just threatening trade war now).
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No, not 1937. Very different situation. The US was slowly coming out of the Great Depression with massive Federal spending and jobs programs. Union membership had doubled in the previous five years. Complete opposite to today.
We might be looking at a similar situation to the 1930s again, but with the USA closer to 1930s Europe and China closer to 1930s USA. China has had a recent speculative stock bubble. Also, the Smoot-Hawley Tariffs took effect in 1930 (we're just threatening trade war now).