Thursday, December 3, 2009

Modern Depression

American culture and society's change from another "great depression" would vary greatly from what was observed in the 1930's. I do not think it would be right to say another "great depression" will never happen, but the likeliness is far to low to be considered. Our government has to many trade, and economical policies in place to prevent this from ever happening again, but certainly a time of intense crisis could provoke another depression. Me and my fainly would have to make sacrifices, along with the rest of the pubic, we would have to cut back frivolous spending, and spend more time at home. If my dad lost his company certainly times would be hard, all unneeded spending and waste of money would have to stop, as well as some of the many comforts we are all familiar with today. A 21st century depression would be very different from that of the 1930's, i agree completely with everything the author is saying. TV, and cheep entertainment will become something everyone will be accustomed to. The author had such good insight on this topic, and i believe, highly accurately describes the country condition, in a well written comparative sense, if a 21st century Great Depression was to occur.