Another 1929? No, and Here's Why

There was no unemployment insurance in the 1930s, so there was no net to catch the unemployed. Distrust between banks is the problem we face today, but in the Depression, check writing ground to a halt, and cash payments were the norm.

Ben Bernanke's economic background includes much study of the Great Depression. We might argue among ourselves about the speed of some of the policy responses, but the reaction to today's crisis is 180 degrees opposite to the 1930s.

Nobody ever made a dime by panicking, says Jim Cramer. Moneymaking opportunities exist despite the market turmoil. So where's a market master like Cramer putting his money these days? Check out his personal portfolio at Action Alerts PLUS. Take a free trial now.