Great Depression holds lessons for surviving tough economy

It’s interesting that, as time went on, many of the offspring of the people who lived through the depression retained fewer and fewer of the skills and values that would be necessary to successfully cope with difficult economic times.  This is in part due to ignorance, greed, the inability to delay gratification, and most importantly, manipulation by a greedy and corrupt system.

The “System” has developed numerous means by which to separate the individual from their capital.  An excellent treatment of this is an article called “The Gospel of Consumption.”  Understand this!  And do not allow yourself to be milked like some stupid cow.

We will learn these lessons of depression-era living again it seems, but maybe this time, after the dust settles and we count the heads of those remaining, we can retain them and pass them on to future generations so that they will not be so dependent on an increasingly fragile and complex system that is just itching to shear them like sheeple.  Do this for yourself, but more importantly, do it for your children.  Teach it to them, and do so primarily by example….that’s what they will be paying most attention to anyway.

• Avoid debt like the plague it is.
• Make due or do without.  If you cannot afford it then you cannot have it.
• Be happy with what you already have.  It’s called “Thankfulness”
• Be good stewards of the resources you currently possess
• Run your household like a business, because it is a business.

Source: CNN.com

Memories of salvaging and stealing to avoid going hungry are part of the legacy of the Great Depression. Some iReporters say they can’t help but look at the current economy and feel the past holds lessons for the present.

…

Donna LeBlanc of Waxia, Louisiana, says she carries no credit to this day as a result of the frugality and self-reliance instilled in her by her family. Her husband keeps the couple’s credit card and maintains a zero balance.

The Great Depression meant scary times for many households as a period of economic downturn spread throughout the world. Historians trace its start to the “Black Tuesday” stock crash on October 29, 1929, and argue that the resulting global desperation set the stage for World War II.

LeBlanc said her grandparents were fortunate that they didn’t have investments and could grow — or catch — their own food during the Depression years.

Her grandfather Lester was a “Cajun cowboy” often seen wearing a cowboy hat, and her grandmother Ida was a resourceful woman who spent much of the 1930s working as a store clerk. LeBlanc, always told never to keep credit card debt, heard frightful stories from Ida

Full Story…

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