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Old 01-02-2005, 11:22 PM
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Dingfod Dingfod is offline
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Join Date: Jul 2004
Location: Cowtown, Kansas
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Default Re: what can I do to prepare for an economic depression?

I don't know how many were unemployed during the depression, but the dollar amount that the economy shrunk from 1929 to 1933 was equivalent to 55% of the wages in the workforce prior to then. I've heard actual unemployement was only about 18-20% at the peak, but there were a lot of people that took lower paying jobs to get by.

People in the 1930s were, for the most part, a lot better equipped to survive hard times because they weren't that far removed from pre-mechanized society. People were used to walking everywhere, used to not having airconditioning, used to not having television, used to hard physical work, used to knowing how to repair things, hell, used to having things that even could be repaired, etc. They were tough by comparison to todays people.
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