Monday, October 13, 2008

Learning from the Great Depression

You know things are much worse than they seem when CNN Money has one of their top stories titled "Great Depression holds lessons for surviving tough economy". When the MSM is using that as a comparative and for keys to survival you know people are expecting things to get much, much worse before things get better. Lets take a look at the article -

The Great Depression meant scary times for many households as a period of economic downturn spread throughout the world. Historians trace its start to the "Black Tuesday" stock crash on October 29, 1929, and argue that the resulting global desperation set the stage for World War II.

LeBlanc said her grandparents were fortunate that they didn't have investments and could grow -- or catch -- their own food during the Depression years.

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The couple would catch wild hogs, feed them corn for a year and eat them once the wild taste was out of the scavenging animals. They also took advantage of available squirrel meat, a common food in the South at that time.

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The Great Depression turned many Americans into packrats who couldn't bear to part with anything of potential value. They couldn't always afford to buy what they needed.

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She is confident we haven't hit another Depression and that we've learned enough lessons from the past to avoid letting things get as bad as they were before.

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Saving is a habitual behavior for those who have lived through the Great Depression, says Anjanette Sanchez of Globe, Arizona. Her grandmother, Vera Vasquez, had a difficult time with the Great Depression and seemed to be scarred by it long after.


The article is chock full of people remembering the advice from family members that live through the difficult days. Unfortunately there does not seem to be any actual stories of people who were adults during that time period. What a shame. First hand accounts and comparisons would have really had an impact on the story. Talk to people in their 70s or older today and most having a frugal childhood. How many times do you hear that age group say "we were poor but did not realize we were poor." There are still many lucid people in their 90s who could remember those days very vividly and probably have some enlightening stories to share. Hopefully next time.

1 comment:

Howard said...

In an ideal world, complete cooperation between different countries creates roads paved with gold, leading to a global utopia. But, historically, and in the real world, human nature and nationalism seem to return individual country's to a goal of self interest and national security. Rogue leaders and unexpected events, such as Putin and Georgia ... Iran, atomic bombs, terrorists and Israel ... Chavez's ambitions ... Al Quada ... Chinese expansion ... etc., always seem to upset the international apple cart of idealists. In addition, we should not take for granted our 200+ year experiment of freedom and capitalism, and be so willing to gamble it away for a socialistic notion which stifles the individual innovation and initiative which made this country great ... and a standard of living which makes everyone around the world want to live here! And, since many have decided to also make this a partisan political discourse, by assuring us that Obama, the messiah, has all the answers, allow me to respond to that as well. Obama has no experience, or credentials. When given the chance in the senate, Obama did nothing except to show up and vote present 160 times. Despite his flowery speeches, his track record reveals a focus on personal ambition, associations with anti-American racists and terrorists, massive flip flopping, questionable loyalty to political positions and long time friends, a desire for socialism, and forced distribution of America's wealth. He casually promises everyone a chicken in every pot, even if it is the chicken that lays America's golden eggs. Economics 101 ... Every farmer knows that even if you get real hungry, you never eat the seed crop. One of the reasons McCain keeps going back to the issue of character is because although Obama makes great speeches, if his character and integrity are questionable, it doesn't matter how good his plans sound. Policies and promises from an ambitious politician who can't be trusted, are equivalent to building a utopian sky scrapper on a rotten foundation.