Are we only a short few months from financial ruin?
Will we see another Great Depression?
What was so great about the last depression?
The Great Depression lasted from 1929 to 1941, a total of 12 years.
Almost 50 percent of all the children in the US did not have enough food or even a place to live medical was almost non existent.
The stock market lost more than 29 Billion dollars in the first week of the depression.
More than three quarters of a million farmers went bankruptcy, many never again were farmers.
They lost their land their homes and everything they ever worked for.
The unemployment rate was more than 24 percent.
Almost every nation abandoned the gold standard in favor of printing more money which caused even more problems for the people that were left to starve in the streets.
After the initial crash, there was a wave of suicides in the New York’s financial district. It is said that the clerks of one hotel even started asking new guests if they needed a room for sleeping or jumping.
The “Three Little Pigs“—released May 27, 1933, and produced by Walt Disney—was seen as symbolic of the Great Depression, with the wolf representing the Depression and the three little pigs representing average citizens who eventually succeeded by working together.