When World War I veterans returned from overseas, they were promised a cash bonus for their service — but they wouldn't get their money until 1945. Then the Great Depression struck. Desperate for relief, in 1932 a group of veterans from Portland, Ore., went to Washington to demand early payment. The protests led to violence — and eventually the GI Bill.
Half a decade has passed since the bursting of a huge asset-price bubble, and the U.S. economy is still depressed. More than ten million Americans are jobless, and many more are working part time. The gross domestic product has yet to recover its pre-bust level. In Florida and other areas where the speculative frenzy ran hot, vast developments stand empty. Overseas, things are no better, and in some places they’re worse. Britain looks much like America. In Continental Europe, a debt crisis is wreaking havoc. Democratically elected governments appear powerless to turn things around. Political extremism is on the rise.
Herbert Hoover Copycat: How the Current Financial Rescue Schemes are Following Hoover's Failed Model - The Huffington Post