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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Monty Lenard who wrote (8998)9/13/2001 6:45:46 PM
From: Ilaine  Read Replies (1) of 74559
 
One of the classes I am taking is about the Great Depression as depicted in film, but we do have regular classes. Last night we were talking about Studs Terkel's oral history of the Great Depression, and several of the students remarked that the people in the book did not seem like they had that bad of a time, that the people being interviewed all said, "well other people had it bad, but I did ok." On the way home, it struck me that these were all younger students, kids, really, and that what they were saying was, "We're worried. We want reassurance."

One of them asked how long it took for the stock market to come back, and the teacher didn't know, but I did. (1933) I told them that if you looked at a graph that had a long enough time line, the Great Crash was just a blip.

I didn't need to tell them that it depends on your own time line - that's the class where the professor can't retire because his retirement account was wiped out.
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