The Depression Of The Great Depression Essay

The Depression Of The Great Depression Essay

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The Great Depression was just that, great. It was a unique experience that America has only gone through once… or perhaps twice? Maybe the 2008 American economic crisis did not lead to a recession at all; maybe it led to a second Great Depression. Of course that’s utter insanity, because everything from the numbers to the feelings show that 2000-2010 was nothing like the twenties and thirties. Realistically the most recent American recession was a barnacle on the whale of the Great Depression. Children of the recession can confirm to you that very little was similar to their twenties brethren. There was no widespread disgrace and debilitating state off living, there was only mild annoyance.
Everyone remembers when the unemployment rate rose 19.3% to about 25% (Geewax) in 2008. Oh wait, that was the Great Depression. The recession of 2008 peaked at just under fifteen percent (a rise of only 5.7%). That is a dramatically large difference! There were no jobs in the Great Depression; they simply did not exist. People stood in line for food, and if they were lucky they got some. Today, the government is able to take care of its people through social services such as food stamps, and unemployment insurance. “As you can see, the unemployment increases so far in this recession (purple line) have still been well below the average of those for all the interwar recessions (red line)” (Rampell).Though many people have no jobs, many more have two or even three jobs. People are not as worried as unemployment as they are about not making a living wage. The issues of the modern American are far less immediate or concerning than those of a citizen of the twenties. There simply is no comparison of the intensity of the unemployment of the two eras....


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... what leads to a volatile stock market. When people overreact and sell because of a bad feeling, suddenly everything really is bad. The economy is a fake system set up by people who agree on some stuff, and supported by an uninformed populace who take these agreements as concrete facts. Human beings have been around for thousands of years, and there is no reason that they need to settle for a system created by old beings without culture, intelligence, or what we consider humanity. Social Darwinism is staunchly supported by many capitalists (though they would never put it so bluntly), but it exists for a world where the strong are needed to keep the species alive. If we want to be animals, then fighting for our survival is the way to go. Otherwise, we should cast aside the animalistic ritual that our current economy embodies and reach a true transcendence above greed.

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