Everyone in the country has seen how the economy is doing very poorly and they are hoping for a change and soon. People don’t trust banks anymore and of course Wall Street crashed. This is what we like to call the Great Depression of 1873. It’s basically what was going through right now the same crisis all over again. This is just causing people to value the dollar more and protecting their money. The country has been to several recessions according to James Kolari who attends Texas A&M University said the two rough recessions occur in the mid-1970s and the early 1980s. He said, “A recession is generally defined as a decline in the Gross Domestic Product for two or more consecutive quarters”. Nelson is a historian who new a lot about the panic of 1873 and he announced the today’s economy is probably the worst than the American economy in 1873. People are just looking for a change, jobs so they can support their family. We just have to wait for that change and it won’t be anytime soon.
Blake, John. “So, just how bad is the economy?. CNN NEWS. 20 February 2009. 22 February 2009.
http://www.cnn.com/2009/US/02/20/economy.history/index.html
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