How Does the Great Depression Compare to Today?

The news media tells us the economy is growing, though slowly. Yet the same newscasts tell us other signs aren’t what they ought to be. How can things be recovering and declining at the same time?

Anyone with half a brain knows unemployment figures are cooked. How will people will live when unemployment benefits run out. That’s a real concern. Are the federal government’s pockets bottomless? Nearly all the states are running budget deficits.

Much of what we now take for granted in the way of dependence on government programs got started during what I think of as the First Great Depression of the 1930’s. What was it like then? How did people cope? How was America different? What are the parallels to today? Many believe we’re in another Great Depression.

One of my readers recommended the book Hard Times: An Oral History of the Great Depression, by the late Studs Terkel. It’s fascinating and hard to put down.

It was published first in 1970, when there were many who could directly relate their life’s experiences of those dismal times. The book features brief accounts from individuals of various ages and walks of life. It’s comprised of stories of former hoboes, songwriters, a failed presidential candidate, and many more. Studs Terkel has a way of making history come alive.

I can recommend Hard Times: An Oral History of the Great Depression to give needed historical perspective and insights on survival.

Click on the book’s title wherever you see it linked in this post. Don’t miss this chance to bolster your preparedness mindset for what we’re living through now and for what we may yet experience.

Author: John Wesley Smith

John Wesley Smith writes and podcasts from his home in Central Missouri. His goal is to help preppers as he continues along his own preparedness journey.