Thursday, November 13, 2008

This Will Not Be Like The Great Depression

It's easy to be afraid today that our current economic situation will lead to another Great Depression; what when that's what the news and politicians are saying. But I can give you one huge reason why it won't be like that; the Dust Bowl. The Great Depression began in October of 1929 and then in May of 1930 the Dust Bowl hit. The Dust Bowl; which devastated much American farmland, is what made the Great Depression great, raising the price of food: which not only affects the livelihood of those producing the crops, but also those who transport and sell them; not to mention making it hard for anyone to buy food. At this point, even if we have a severe drought, it will not get as bad as the Dust Bowl because of technologies and agricultural techniques we have in place. So, even though it may get tough, this will never approach conditions of the Great Depression.

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