B
brooks01
What is a "Great Depression"? How do you overcome a "Great Depression"? In
the 1920's a Great Depression occurred, and somehow someway society was able
to pick itself up and get through that tough economical time. How did
society succeed? America needs to know, because now in the 21st century the
economy seems to be suffering, very similar to what we called the "Great
Depression". Most importantly first is, how did we get to this point? When
you look all the way back to the 1920's you try to figure out what could
have possibly went wrong to the point where people had absolutely no money.
Especially when money was not really demanded like the U.S dollar is today.
Today in the 21st century money is extremely valuable, and prices are beyond
the human profit. One thing that still proceeds today is that Americans tend
to always spend money that they do not have. How do you spend money that you
do not have? Easy, our banks and government gives it to us. What happens
when money that is not ours is given to us, but not paid back? Financial
problems start to begin. Now if there were only about 15-20 Americans who
needed to borrow money, there would be no problem, but since there are
millions of people daily who need money, then there is a bigger problem. The
bigger problem is, the government wants Americans to payback money that they
have borrowed, but never had in the first place. When you think about this
interesting scenario, seems to make no sense at all. Since borrowing money
and not being able to pay your debt is allowed, then this problem will
always be continuous, unless we can come up with a plan. Another big problem
is the stock market. A stock market is a public market for the trading of
company stock and derivatives at an agreed price. In a better explanation
the stock market is an exchange where security trading is conducted by
professional stockbrokers, trading of shares of company stock. Stockbrokers
invest in different companies, and gain a certain percentage. When you
invest in a successful company you make money, like for example Microsoft,
very successful company for computers. That is an intelligent investment
because if you have a computer 9 times out 10 your using Microsoft, meaning
this label is being used every single day, especially in this day and age
when everything is surrounded by technology. Now that you see putting your
money into this company is benefiting you, you start to put more money into
the company. You wake up the next morning and you find out the stock market
is crashing and all the money you're putting into this company, is slowly
diminishing piece by piece. What do you do? Not only are you losing money
but so are the company and other companies that breed off other companies.
Why? Because America is losing money, to many people borrowed and did not
give back. More and more are taking and not giving back, to the point where
the economy ends up in a black hole. The Government and Banks became a
little too lenient, you didn't need a million dollars to live in a million
dollar home all you needed was $100,000 down, and you pay the rest off
eventually. If you wanted to take that trip to Paris like you always wanted
to you would just take out a loan on your and say what the heck, I'll pay it
back some day. Now today we are wondering why money isn't how it used to be,
because Americans were mislead to believe that anytime they didn't have
money, that there was always a bank that could give them a loan or a credit
card that would solve all of their problems. Now in 2009, we learned that
living that way and in that state of mind has gotten America nowhere but in
yet another Great Depression. Here we are 80 years later on in the same
predicament, trying to figure out how to make things better. America needs
to realize that things are going to get better before they get worse, even
if that means I have to suffer because my parents may lose their job, then
so be it. In this situation America needs to come together and agree on a
plan to make matters better. As our new 44th president I think president
Obama, should tell America enough is enough, we have to buckle down, no more
spending on unnecessary items. For each organization as far as schools and
companies, there should be a certain amount that is given; there shouldn't
be no bailout money and then more bailout money. When kids are starting to
lose out on education because car companies cannot keep their financial
situation stable then there's a problem. Spending millions of dollars on a
war that is more than likely unnecessary, giving money to Americans that
cannot pay it back, and buying houses that Americans cannot afford. Overall
the plan is P: people L: lifting A: America N: now. Society has to come
together and want to turn this economic crisis around and make things
better. We have to be willing to nit spend so much, to not want things we
cannot afford. All we need is someone to lead the way and show us how to go
about this the right way, and for us that is our President.
the 1920's a Great Depression occurred, and somehow someway society was able
to pick itself up and get through that tough economical time. How did
society succeed? America needs to know, because now in the 21st century the
economy seems to be suffering, very similar to what we called the "Great
Depression". Most importantly first is, how did we get to this point? When
you look all the way back to the 1920's you try to figure out what could
have possibly went wrong to the point where people had absolutely no money.
Especially when money was not really demanded like the U.S dollar is today.
Today in the 21st century money is extremely valuable, and prices are beyond
the human profit. One thing that still proceeds today is that Americans tend
to always spend money that they do not have. How do you spend money that you
do not have? Easy, our banks and government gives it to us. What happens
when money that is not ours is given to us, but not paid back? Financial
problems start to begin. Now if there were only about 15-20 Americans who
needed to borrow money, there would be no problem, but since there are
millions of people daily who need money, then there is a bigger problem. The
bigger problem is, the government wants Americans to payback money that they
have borrowed, but never had in the first place. When you think about this
interesting scenario, seems to make no sense at all. Since borrowing money
and not being able to pay your debt is allowed, then this problem will
always be continuous, unless we can come up with a plan. Another big problem
is the stock market. A stock market is a public market for the trading of
company stock and derivatives at an agreed price. In a better explanation
the stock market is an exchange where security trading is conducted by
professional stockbrokers, trading of shares of company stock. Stockbrokers
invest in different companies, and gain a certain percentage. When you
invest in a successful company you make money, like for example Microsoft,
very successful company for computers. That is an intelligent investment
because if you have a computer 9 times out 10 your using Microsoft, meaning
this label is being used every single day, especially in this day and age
when everything is surrounded by technology. Now that you see putting your
money into this company is benefiting you, you start to put more money into
the company. You wake up the next morning and you find out the stock market
is crashing and all the money you're putting into this company, is slowly
diminishing piece by piece. What do you do? Not only are you losing money
but so are the company and other companies that breed off other companies.
Why? Because America is losing money, to many people borrowed and did not
give back. More and more are taking and not giving back, to the point where
the economy ends up in a black hole. The Government and Banks became a
little too lenient, you didn't need a million dollars to live in a million
dollar home all you needed was $100,000 down, and you pay the rest off
eventually. If you wanted to take that trip to Paris like you always wanted
to you would just take out a loan on your and say what the heck, I'll pay it
back some day. Now today we are wondering why money isn't how it used to be,
because Americans were mislead to believe that anytime they didn't have
money, that there was always a bank that could give them a loan or a credit
card that would solve all of their problems. Now in 2009, we learned that
living that way and in that state of mind has gotten America nowhere but in
yet another Great Depression. Here we are 80 years later on in the same
predicament, trying to figure out how to make things better. America needs
to realize that things are going to get better before they get worse, even
if that means I have to suffer because my parents may lose their job, then
so be it. In this situation America needs to come together and agree on a
plan to make matters better. As our new 44th president I think president
Obama, should tell America enough is enough, we have to buckle down, no more
spending on unnecessary items. For each organization as far as schools and
companies, there should be a certain amount that is given; there shouldn't
be no bailout money and then more bailout money. When kids are starting to
lose out on education because car companies cannot keep their financial
situation stable then there's a problem. Spending millions of dollars on a
war that is more than likely unnecessary, giving money to Americans that
cannot pay it back, and buying houses that Americans cannot afford. Overall
the plan is P: people L: lifting A: America N: now. Society has to come
together and want to turn this economic crisis around and make things
better. We have to be willing to nit spend so much, to not want things we
cannot afford. All we need is someone to lead the way and show us how to go
about this the right way, and for us that is our President.