Quote:
Originally Posted by Rochard
Not sure if people haven't noticed, but this is recession - not the great depression of the 1930s. We didn't revolt then.
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The big difference between this current recession and the depression of the 30s...is back then they still had a manufacturing base to help pull them out of the depression.
Today - many of those manufacturing jobs are permanently gone, factories shut down, steel mills closing their doors. Both the U.S. and Canada are heading more towards a consumer economy rather than a strong manufacturing sector.