[algernonpj]

we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)

We were in much better shape during to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.

[algernonpj]

the typo gremlin got me again!

We were in much better shape to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.

[stefanbatory]

do you think the flappers and the yuppies will be regarded any differently by history?

[Ronbo1948]

we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)

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We were in much better shape during to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.

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Germany, Italy and Japan reacted to the Great Depression by putting fascist dictatorships in power, and USA came darn close to fascism under the New Deal.