Friday, November 07, 2008

Recession/Depression Lessons

Some excerpts from a piece in gmtoday.com titled Lessons from Great Depression hold their value.

“This generation made the best of bad times,” Dennis said. “No one’s seriously predicting another calamity like the 1930s, but it’s useful to remember that these people didn’t stop living. They just lived differently.”

And this.

Those who came of age in the 1930s said the Depression instilled a strong work ethic in them. Forced to grow up early, many went to work before their teens to help their parents pay the mortgage and put food on the table.

But most importantly is this.

Because jobs were scarce, most of those young people created their own livelihoods.

Do individuals, today, have the fortitude, the ethic, to stand on their own rather than whining for a hand out?

Posted by John Venlet on 11/07 at 08:47 AM
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