After listening to this piece from StoryCorps my eyes were opened to the fact that our economy is beginning to mirror the economy during the Great Depression, which is a scary realization. Each person should listen to a person's story who lived through the Depression to learn their experience so hopefully we can avoid a relapse.
Friday, February 20, 2009
Extra Credit - NPR StoryCorps
With the current start of our economy many Americans who experienced the Great Depression are growing worried because never again do they want to experience the financial anguish again. James Bost was nine years old in 1932 when his father had to work around the clock just to make ends meat. He recalls one incident when his father went to the back and withdrew all his money because he did not trust what the bank would do with his money. So when he returned home Bost's father placed the money in a suitcase and buried it deep in the ground in their back yard. Currently with the recent downfall, James Bost has taken some of his funds out of his bank account and placed the money aside just to be prepared if the economy takes a turn for the worse.
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