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Originally Posted by Chuckaluck
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Anyone recognize this building?
Quote:
Originally Posted by Chuckaluck
Ungar and Watson's appliance business apparently improved during the first part of the Depression.
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Quote:
Originally Posted by CityBoyDoug
You mention the "Depression of 1930". During the so-called Great Depression of the 1930s the unemployment rate was slightly above 24% at its worst.
Today in 2013, ignoring the phony stats and manipulated numbers, the 'real' rate of unemployment is 24%.
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Whatever the "real" numbers of unemployment now or then, technology has not slowed down in recent years. Sales and availability of product have risen dramatically in the past five years. During the Depression, radio sales zoomed because sets got cheaper and people figured out how to pay for them (buying on time became popular), more stations came on line, and consumers wanted more and more entertainment and news--just as they do today.