Every American life touched by the tragedy that was the Great Depression was never quite the same. Experience is a harsh teacher, and during this economic crisis from 1929 to 1939, everyone suffered.
If you don’t think the Great Depression could happen again, we need a serious reality check here. The truth of the matter is Wall Street and big banks never actually learn the lessons of the past.
If we are to survive another economic depression, we must learn from those who survived before. This will be our third Afternoon Alert on the topic of lessons we can take from the Great Depression.
One of the most obvious depression lessons is simple; stretch your dollars. From 1929 to 1939, many Americans switched from more expensive cigars to smoking cigarettes, which were significantly cheaper. Not that one or the other is better for you, but its proves an interesting trend.
View original post 361 more words