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We need to remember that the economy is cyclical. Right now we are on the suck end of the cycle. Eventually, we will get out of it and go back up towards number that are happier. My generation (I am 25) grew up and came of age during the high 90s. We haven't know a huge downturn. We just have to tuck in and get it over with.
The Great Depression was so great because it was a pile of numerous causes. It was the banking problems, with people pulling their money out causing unstable banks. It was also the use of very cheap credit. The stock market dropped something like 25% (from a high of 217 down to 68 points). The market did recover in 1930 but on top of this, there was huge droughts in the Midwest. This caused the loss of income and jobs. Unemployment hit a high of 25%. For comparison, the unemployment is about 6%. All of this effected various parts of the world which just impacted it.
Basically, it wasn't just one thing that made the Great Depression such a hard time. One thing happened which caused another and it snowballed into a hard decade.
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"Mommy, the presidents are squishing me!"
"Using the pull out method of contraceptive is like saying I won't use a seat belt, I'll just jump out of the car before it hits that tree."
Sara
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