Thursday, December 3, 2009
2009 Depression
I think that there might be another time where we have a very bad economy, worse than right now, at some point in American history. But I do not think that it will be as drastic as the Great Depression because of the way we learned from it and plans we have set up to avoid it. With FDIC money people have earned is always secured and we know that we can get it if we need too. I don't really think about it because I know that we have the plans in order to avoid it and we are in a time right now where we have to cut back and still manage to get by. But if a depression did happen my family would have to cut back and maybe not get the expensive things we like and maybe cut back on sports I play because hockey and baseball are very expensive at times. Also things that we don't really need. But if my parents lost their jobs I really don't know what would happen. The author says that the country wouldn't really change but just see people cut back on things and not really abandon homes and look like the Great Depression. Because people would do things that aren't really drastic like having a home garden or grow animals that they would slaughter to save on meat costs. Also college and sports and leisure activities. According to the author if our country went through another depression we wouldn't see the impact like we did with the first one. I agree with him.
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