Thursday, December 3, 2009
Depression
Here in the 21st century, it is hard to believe that we could ever go through another economic depression as terrible as the Great Depression. It is somewhat possible for the stocks to crash in the manner they did back in the 1930's. However; there would be a few differences in society in the 21st century if a depression were to ever hit. We now have homeless shelters so there would be no "hoovervilles" going up. Also, the government gives out welfare checks to those who qualify, so it would be difficult for a family to starve. If my father were to lose his jobs we would have to make a few cut backs but not too many. Since both my sister and myself have jobs, so we would have to pay for our own food and clothes. My family would have to sell our cars and cut back on electricity in order to save money.
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