The United States is in a credit crunch,Wall Street bailout,War,companies closing and with the talks of GM Chrysler merger or going bankrupt this is looking worse and worse!
If GM and Chrysler both go under some are predicting catastrophic job loses! An estimated 2 to 4 million jobs will be effected! The job loses will not just effect the auto companies, it will effect every company that is involved with the auto industry (retail,suppliers,food industry,utilities)
This will be a ripple effect that will not stop until it levels everything.
The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries.
It was the largest and most important economic depression in modern history, and is used in the 21st century as a benchmark in how far the world's economy can fall.
The Great Depression originated in the United States; historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday.
The end of the depression in the U.S. is associated with the onset of the war economy of World War II, beginning around 1939
Save your money! and stock up on shotgun shells!
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