posted on Apr, 4 2023 @ 07:56 PM
a reply to:
Potlatch
I am easily at least twice your age and like you, my first introduction to the words "Great Depression" came during my elementary schools years.
Mind you some of my entertainment was centered around depiction of depression era life. Kids shows like "The Little Rascals," and other such
entertainment showed people coping with having pretty much nothing in the way of luxury or excess. People looked upon the Great depression as a
'thing that happened' and will never be allowed to happen again.
In fact because of the timing of my birth, I was part of the first generation to "put that behind them" and urban folks suddenly stopped 'gardening
for food' and 'canning, pickling, or preserving' pretty much anything. The idea of saving tinfoil for repeat use, or equivalent practices, were to be
laughed at.
My grandparents and their peers often lamented the new 'wasteful' ways of the world... But then, as culture and technology grows and changes, this
seems to be the way of the world.
People take a lot for granted nowadays...
BTW - check it out
Question: What's the difference between a depression and a recession?
(Different sources, different answers...)
Answer: "The difference between a recession and a depression is that a recession is much more severe and longer lasting."
Answer: "A depression is significantly worse than a recession and much rarer."
The differences are telling... as in they tell us the "investment" perspective of the definer.