Every American life touched by the tragedy that was the Great Depression was never quite the same. Experience is a harsh teacher, and during this economic crisis from 1929 to 1939, everyone suffered.
If you don’t think the Great Depression could happen again, we need a serious reality check here. The truth of the matter is Wall Street and big banks never actually learn the lessons of the past.
If we are to survive another economic depression, we must learn from those who survived before. This will be our third Afternoon Alert on the topic of lessons we can take from the Great Depression.
One of the most obvious depression lessons is simple; stretch your dollars. From 1929 to 1939, many Americans switched from more expensive cigars to smoking cigarettes, which were significantly cheaper. Not that one or the other is better for you, but its proves an interesting trend.
In trying times, people make certain compromises. They can no longer afford luxury for luxuries sake. They downgraded to cheaper options while surviving The Great Depression, to stretch what little was left.
Learning how to effectively stretch your dollars today can help prepare you for tough times ahead. Eliminating unnecessary food and energy waste, limiting the number of miles you drive your car. Bottom line: Live an efficient life.
All these ideas will help you keep more of your hard-earned dollars today and make them last longer tomorrow.
The overall health and nutrition of our nation went to garbage during the Great Depression. Obviously, preventative health care was not high on anyone’s priority list, so the general health of the American population, from 1930 to 1933 suffered greatly. No one bothered going to the doctor unless it was a serious emergency.
Doctors cost money, as does medicine and dental work. Instead, money was allocated to short-term essentials such as food, rent, and clothes – the important stuff.
While I never advocate skipping doctor or dentist visits, you can help keep visit costs low with good personal hygiene.
Keep a well-supplied and updated medical kit in your home. Continue regular dental hygiene and eat a balanced diet. These actions will help keep your immune system in good working order.
Plan on stockpiling essential health-related supplies (like survival antibiotics) and then smartly rationing them during hard times.
The biggest hurdle of the Great Depression was a simple one: lives changed drastically – and they changed fast. Americans went from the lavish roaring twenties, where elegance and jazzy splendor perfused the nation, to scrubbing out a meager existence.
Those who survived it were never the same. They stockpiled more. They reused more. They shopped for bargains, not luxuries. They fully understood that a trip to the grocery store may be the last for a very long time.
That’s the biggest lesson learned from surviving the Great Depression: Self-Reliance skills are essential to getting you through the harsh times. The survival skills that our modern world has since lost. It’s time we discover them again.
Remember, we’re all in this together,