Video: Fact Finder: Depression or recession - then and now
Alternative content
FF The Depression Then and Now
FF The Depression Then and Now
Birmingham during the Great Depression
Related Links
Comparing the Great Depression to 2009 Economy
http://piggington.com/comparison_between_the_great_depression_and_now
Prices then and now
http://www.michigan.gov/hal/0,1607,7-160-15481_19268_20778-52530—,00.html
Depression 2009: What would it look like?
http://www.boston.com/bostonglobe/ideas/articles/2008/11/16/depression_2009_what_would_it_look_like/
Jamey Bryan, Photographer/Editor
Published: February 5, 2009
Updated: July 22, 2009
BIRMINGHAM, Ala. - A new batch of economic reports includes more downbeat news for the economy.
The government reports 626,000 laid-off workers filed new jobless claims last week.
In December, orders to U.S. factories fell for a record fifth straight month.
The number of people on the unemployment compensation rolls increased slightly to nearly 4.8 million. That’s the most since records began in 1967, though the work force is now much larger.
What we’re experiencing is eerily reminiscent of the Great Depression of the 30’s.
In his Fact Finder report, NBC13 HD’s Rod Carter talked with Mavis Little and Joe Ellis, who know all too well, what a depression is like. They lived through the Great Depression nearly 80 years ago.
Check out these links for more background:
Comparing the Great Depression to 2009 Economy
Advertisement
Advertisement