The upcoming ‘Greater Depression’ may likely last even longer than ‘the Great Depression’ of the 1930s and will have far worse consequences for more people than ever before.
The Great Depression that took place during the 1930s was a severe worldwide economic depression, the timing of which varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century.
If (when) the next ‘Greater Depression’ hits us smack in the face, you might want to be prepared to survive a minimum of 5-10 years, relatively on your own, without .gov assistance.
During the time of the Great Depression, many families lived on farms of varying sizes and functionality. Today, the vast, vast majority of people live in urban and suburban areas and most have not ever been to a farm. The extent of their knowledge of farms is the extent at which they may have seen pictures on Google, Bing, or Yahoo…
During the 1930s, many or most people knew how to take care of their basic needs on their own. Many or most people knew how to grow a successful garden. Many or most people were familiar with the physically laborious way-of-life during that time when luxuries were few and hard work was the normal reality. People (in general) were not as ‘soft’.
During the 1930s, many or most people had a sense of morality and decency that pales in comparison to today. That morality certainly curtailed what could have been much worse with regards to societal problems during that time.
The American culture was vastly more independent and self-sustaining than today (putting it mildly), whereas the modern way-of-life has become extraordinarily dependent.
Government during that time was still relatively small and non-intrusive, whereas today’s government is intermingled with most everything that we do, debilitating individualism and regulatory to the extent of crippling.
A ‘government class’ has exploded into a gargantuan chunk of our society – creating dependence rather than independence. A ‘Greater Depression’ during today’s modern times would become particularly devastating to all those who ‘depend’.
During the time of the Great Depression, the world was severely affected. Today, even more, most of the world’s nations will be affected – as they are financially and economically hinged with systemic risks in ways that were not even dreamed of back then.
I cannot help but contemplate how much worse it would be today than it was back then in the 1930s, especially knowing how bad it actually was during that time. We tend to think and believe that no such thing could ever happen again, especially given today’s safety nets and the seemingly endless crops of dollars continually harvested from the unseen fields of money trees. We are so far removed from the hardships of yesteryear that these thoughts never enter the minds of most. However, it may be wise to at least ponder the thought…
Oh, and one more thing… remember what got us out of the Great Depression? WWII.
History may or may not repeat itself, but it certainly rhymes…