Wednesday, November 26, 2008

Depression in 2009!!

I was extremely surprised by reading this article; I had no idea that our economy was in such jeopardy. One man stated that “There’s no way to make informed decisions about the present without understanding, in some detail, the worst-case scenario about the future”. Alluding to how it is hard for us as a society to make any rash decisions because we are unaware how extreme a depression would be in the 21 century. For instance, we spend most of our money on education, childcare, and healthcare, unlike in the 1930’s when food and clothing was what most individuals splurged on. More injuries would occur and no one would be able to get any help for them. The rate of death would be due to lack of hospitalization rather than from disease and lack of food. It is strange to think about a depression in 2009 because it would be so different than in 1930’s. Individuals who once shopped at Abercrombie & Fitch and Hollister would now be forced to shop at Target and Wal*Mart (not that there is anything wrong with those stores). Prices of homes would decrease greatly and many people would have to move further away where it’s less expensive, or start moving in with other families. There is a good chance that crime would increase, as it would no matte the decade a depression occurred. Although many things would be different in a depression in 2009, some things would remain the same, like disease would probably occur due to many people living in close courters, and increase in crime and deaths. Although, I feel as though we would be better off than those who lived during the Great Depression because we are better equipped in technology and we have also learned form the past’s mistakes.