The Massive Scale of Grand Theft Auto

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This is why over thousands of businesses have made the switch. So why not you Try Odoo for free at odoo. com That's ODOO. com. The economic booms and busts of the twentieth century and what could be the biggest media release of all time. Welcrom Marketplace in Washington, I'm Kimberly Adams. This week, we've been looking back at some of the defining moments that have shaped the American economy over the last two hundred fifty years Yesterday, we left off in the midst of the roaring twenties, a period of rapid growth after World War one But as Professor William J. Collins points out, economic trouble was already brewering beneath the surface You know, but things in the nineteen twenties were already kind of weak in some sectors. The farming sector was struggling and that was still an important part of the American economy in the nineteen twenties Then the stock market crashed in October of nineteen twenty nine, devastating America's economy and its people Millions lost their jobs, waited in breadlines for food, or lived in shanty towns, often called Hoovervilles. Eventually, the government, under the command of newly elected president Franklin Roosevelt, swept in with a series of policies starting in nineteen thirty three jobs and agriculture programs, banking reforms, packaged together, they were called the New Deal. And the sweeping changes made lasting changes to the American economy There are a bunch of reforms, like big reforms that happen in the nineteen thirties. There are things that we sort of take for granted today but were novel at the time Social like all of the stuff in the Social Security Act, for instance And it wasn't just those social programs that gave the economy a boost World War two and the vast infrastructure required to supply the Allied fighting force was a grim driver of growth and economic mobility for some. especially after the US joins the war at the end of nineteen forty one Labor markets get super tight. U that led to increasing wages for everyone, but especially for folks who tended to be at the lower end or jobs that tended to be at the lower end of the pay scale before. they tend to get pulled up quite a bit. and it's also pulling a lot of women out of say domestic service jobs and into other sorts of other kinds of work So coming off the heels of the war, there was significant prosperity. You know, there is this period between like nineteen forty and nineteen seventy where things Things look pretty good in retrospect, you know, there's, you know, there wasn't just like a lot of income growth, but was it was spread throughout the income distribution in a way. That was novel Professor Collins says there's a lesson to learn from this period I think it's really important to understand that inequality Rising inequality isn't you know, automatic. it's not inexorable It doesn't always go that way William J. Collins is a professor of economics at Vanderbilt University. You can listen back to our entire look at two hundred and fifty years in the American economy by visiting the Marketplace Morning Report podcast feed or markarketplace d. org d AI is everywhere. Y work, your home, even apparently, your toaster don't get burnt by AI that misses what matters most? 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So why not you Odoo for free at odoo. com That's OD OO. com. Gamers have been waiting more than a decade for the next installment of the wildly popular Grand Theft Auto video game series. And finally, just last week, preordders for Grand Theft Auto six began. The game is slated to drop in November, and one report suggests that Grand Theft Auto brought in a billion dollars in pre orders just one hour after launch For more on this, I'm joined now by Dmitri Williams. He's a professor at the University of Southern California's Anenberg School for Communication and Journalism, where he focuses on video games and society. Professor, welcome Thank you for having me. Can you help me better understand the scale of the hype around this game is justified. It is probably going to be the most valuable media property in the history of mankind. So I would say that is worth some hype. But this is a very, very large industry which doesn't usually get the kind of attention it should proportionateally given the amount of money it brings in. quuite acclaim the biggest launch of all mankind. Say more