in the 1920s,people ...( 7 months ago by charliedontsurf70)
in the 1920s,people were paid very high wages for the time,most invested in the stock market,with high interest,when the market collapsed,people were broke.world war two helped the depression because suddenly everyone had a job.
The was also a ...( 6 months ago by TheLastNail)
The was also a spectacular real estate bubble in Florida in the 20's. Banks got involved in speculation, and got burned when securities failed. No FDIC then, and when banks failed, people lost all their life savings. Same phsychology as today: Mortgage the future to pay for lavish lifestyle today.
you need to be very ...( 6 months ago by TheLastNail)
you need to be very poor and get government help, or very rich and get government help. Do get lost in the middle...
the cause, 16th ...( 6 months ago by densefawg)
the cause, 16th amendment
Federal reserve ...( 5 months ago by louis12346)
Federal reserve needs to own more private property,Government,creates problem,reaction & solution=control,Grow to much food the Government would survey farmers land & plow it under= socialism
War got people productive again.CONTROL
You better get some ...( 5 months ago by zerosister)
You better get some knowledge kiddo. The Great Depression is going to be a picnic compared to the things that will happen in 2008.
sad because there ...( 5 months ago by gangrelated75)
sad because there is talk of another great depression coming.
During the first ...( 4 months ago by augustabirdman)
During the first depression they did not have credit cards and car loans and payday loans which are common in almost every household today. I agree this could be bad.
My grandmother was ...( 4 months ago by ploeshdi)
My grandmother was born in Eastern S. Dakota in 1908 and lived through this. She told me of the dust, and even locust stories. Thank god she did alot to raise me otherwise id be stuck with $hitty "babyboomer" ideal. If another great depression does happen it wont be the end of the world. It wil be more like a big reset button. So take you 600 dollar G. Bush bail out and buy some nice chinese made trinkets from wal-mart to throw away.
there isnt going to ...( 4 months ago by gohanrules2)
there isnt going to be another depresion because if the stock market crashes they will just start printing money. back then $1 was worth 1 peice of gold but now cash is worthless
sounds good to hear ...( 4 months ago by gangrelated75)
sounds good to hear that.
Hey, I don't mean ...( 3 months ago by Elmeromero1)
Hey, I don't mean to be bothersome, but may you ask your grandmother if she remembers any talk about the Dust Bowl, which was a alias for the drought that occured during the depression in the southwest.
Thanks alot, regards, Andy!
Correct me if I'm ...( 3 months ago by nobssagittarius)
Correct me if I'm wrong. But wasnt the President the highest paying job in the 1920's? (Babe Ruth was one of the first to be payed more then the president.)
for the most part ...( 3 months ago by TexarkanaBraveheart)
for the most part these people where tougher and better people ,than we will ever be
My father's father ...( 2 months ago by briquetaverne)
My father's father told me that after the first world war it took him nearly 2 years to get back stateside and in the interim he learned how to waiter in a French restaurant. He worked as a Wall St. courier until the crash of '29. Afterward he got lucky because he got a job waiting in a swanky Manhatten restaurant (a semi- legitimate speak-easy)until 1933. (he bragged that he made 18 bucks a week and triple that in tips) After that he said he fished a lot until he got employed by the WPA
ques: if we sink ...( 1 month ago by kelvinkloud)
ques: if we sink into a great depression in the near, could this generation rally together like the people did in the '30's... more specifically would serious crime escalate significantly?... amazingly in the depression, murder, rape & armed robbery didnt go up significantly... why was that??/.. would that happen now w/ the ipod generation?
When the depression ...( 1 month ago by hardcore4republican)
When the depression is over, the ipod generation will be more grateful of their pasts and work harder, and have "nice" "perfect" families just like the people in the 50's.
You think that ...( 1 month ago by jessicamaybe)
You think that depression is good for the soul of a nation? I strongly disagree. I think that what we need is more culture, education, and meaning of life.
I agree with you, ...( 1 month ago by hardcore4republican)
I agree with you, but in the last depression people who previously enjoyed the "roaring 20's" learned to work harder and be more self effcient. And when the nifty fifties hit they were still hard workers and provided nothing but the best for their kids. So judging from the past experence, I say what I predicted will happen.
great video, i ...( 1 month ago by italiangurl1972)
great video, i loved seeing all those families even tho it was sad.
My dad told me that ...( 1 month ago by 202panda)
My dad told me that we should be prepared just in case another Great Depression happens. I am really scared. And, plis, now that a Great depression happened we know what's probably going to happen.
The Second Great ...( 1 month ago by HarborGuy)
The Second Great Depression is now starting and it's going to be worse than the first. It is our President's and Congress's fault this time tho. Not over production and stock spculatin........
What a relative ...( 4 weeks ago by you1x2007)
What a relative described to me 2 decades ago:
How to recognize an Economic Depression is coming (lived thru IT):
1) Only the Rich can afford NEW CARS.
AND then it's buying cars PERIOD.
2) Only the Rich can afford a DOCTOR.
Stay Healthy or ELSE.
3) Live on a farm - you can EAT.
Live in the City - you will learn about HUNGER.
4) Only the RICH can afford NEW ANYTHING.
REPAIR what you own - NEVER toss stuff.
5) Too much CREDIT.
6) Money is becoming WORTHLESS.
My Grandmother was ...( 2 weeks ago by virusone25)
My Grandmother was born just two years before the Great Depression hit.
Thanks alot, regards, Andy!