Author Topic: Did The Great Depression Have A Silver Lining?  (Read 3895 times)

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Offline Andrew A.

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Did The Great Depression Have A Silver Lining?
« on: October 04, 2009, 11:05:36 AM »
Did The Great Depression Have A Silver Lining? Life Expectancy Increased By 6.2 Years
http://www.sciencedaily.com/releases/2009/09/090928172530.htm
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Offline Ed

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Re: Did The Great Depression Have A Silver Lining?
« Reply #1 on: October 08, 2009, 12:18:11 PM »
Some of the articles points do not seem to hold true in today's economic climate.  My company has reduced its workforce and cut hours for the remaining employees.  This has increased the work demand by a large margin and is causing more stress - especially between the salaried and hourly employees. 

This also does not take inot account the stress of providing the much higher standard of living the we are all accustumed to and are in jeopardy of losing - than they faced in the depression and other recessions.
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Offline Ryan

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Re: Did The Great Depression Have A Silver Lining?
« Reply #2 on: October 08, 2009, 03:30:46 PM »
The big thing this doesn't account for is the stress of being jobless with massive amounts of debt and virtually no savings. The typical American has over half of their income going straight to debt payments and has less than two months worth of expenses saved. Lose a job in that situation and you will be much more stressed than you were at your job.

Offline Andrew A.

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Re: Did The Great Depression Have A Silver Lining?
« Reply #3 on: October 08, 2009, 05:14:02 PM »
Interesting  :)
Why dink around? Go for it, be the best. It is worth whatever risk there is even if you fall short. You will be better.
‎"There is no such thing as an overachiever. We are all underachievers to varying degrees." - John Wooden.

Offline r-at-work

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Re: Did The Great Depression Have A Silver Lining?
« Reply #4 on: October 09, 2009, 10:51:22 AM »
The big thing this doesn't account for is the stress of being jobless with massive amounts of debt and virtually no savings. The typical American has over half of their income going straight to debt payments and has less than two months worth of expenses saved. Lose a job in that situation and you will be much more stressed than you were at your job.

it was accounted for, it was called 'suicide'...

what they didn't mention was that penicillin was discovered in 1928
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Offline Ed

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Re: Did The Great Depression Have A Silver Lining?
« Reply #5 on: October 11, 2009, 12:24:19 PM »
Good point Rita -
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Offline Andrew A.

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Re: Did The Great Depression Have A Silver Lining?
« Reply #6 on: March 13, 2010, 12:59:32 PM »
So this past week a patient where I work, who grew up in NYC during the Great Depression, remarked on the heavy amount of traffic going by outside the window.  She told me about how much of a contrast there was with the traffic on the streets of NYC back during the Great Depression.  It could be that she was a kid at the time and it could be that her family was one of the fortunate ones to maintain steady income during that time, yet I still find it interesting that she expressed that she felt that it was a better time back then.  Of course, we are a species/society that is fond of nostalgia.  At the same time, the sages are known to observe that he who is content with little has plenty while he who is not satisfied with much can never have enough and will perpetually worry about losing what he has.  I can see how it might seem better if, even by necessity, one felt more connected to one's neighbors and found joy in the simple things in life (kids playing kick-the-can or hockey in empty streets rather than sitting inside watching teevee or playing video games) as opposed to filling the void of isolation with more and more stuff and teevee rubbish.
Why dink around? Go for it, be the best. It is worth whatever risk there is even if you fall short. You will be better.
‎"There is no such thing as an overachiever. We are all underachievers to varying degrees." - John Wooden.

Offline Ed

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Re: Did The Great Depression Have A Silver Lining?
« Reply #7 on: March 17, 2010, 11:13:33 AM »
Some good insight there Andrew -
 
My sister-in-law (and her husband) are good examples of having more than the average bear is just not enough and how will I ever live without this or that, while my wife and I are content to spend a weekend at home with our children spending little to no money and have very little compared to them.  They are good and generous people - but - they are not finding contentment with all their money and possessions. 
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Offline Ryan

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Re: Did The Great Depression Have A Silver Lining?
« Reply #8 on: March 17, 2010, 12:16:30 PM »
Ed, agreed about the great insights. Your example sheds a great light on the situation. People need to learn to enjoy the simple things. It sometimes seems like, the more you have, the more you want to have more and the bigger shock it is when you can't. People who have less seem to enjoy life more. Personally, I think shopping becomes a distraction for people who haven't found pleasure in the simple things. You buy something, it makes you feel good for a few days. Then, that wears off and you have to buy something more. On the other hand, if you learn to enjoy the simple pleasures, you don't have to buy something to feel good. You just enjoy what life gives you for free and there are always free pleasures out there if you know how to find them.

Offline Andrew A.

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Re: Did The Great Depression Have A Silver Lining?
« Reply #9 on: March 22, 2010, 11:24:08 AM »
And thus why consumer debt is such a problem in the country and likely is currently contributing to how bad the recession gets and how long it will last.  All this money in the form of payments and interest keeps going to banks on goods that were paid for long ago and as a result there is little to spend on even modest goods beyond the basic necessities now.  Too many got too caught up in the huge economic growth of the '90s and forgot the perspective that booms do not last forever and are usually followed by lean times.
Why dink around? Go for it, be the best. It is worth whatever risk there is even if you fall short. You will be better.
‎"There is no such thing as an overachiever. We are all underachievers to varying degrees." - John Wooden.

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