The Great Depression and GM's Profitability

Net earnings from operations for the year 1932 after full depreciation charges Were a hundred and sixty five thousand dollars, okay? This compares with earnings of a hundred and fifteen million from operation for the year 1931. So they were Profitable all through this first part of the Great Depression even though yeah and this year a hundred fifteen thousand dollars is basically nothing But they were still positive And so maybe the Great Depression to start 1929 started out as a big jump in sales the start of the year I think it meant management talks about the stock market was up big at the beginning of the year.