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- How To Get Money To Start A Business
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“For folks hanging onto jobs in this climate, there is tremendous economic insecurity. But economists say the vicious routine of layoffs, reduced spending and business retrenchment or outright failure receive wind flow down for quite a while. As the financial meltdown continues – worldwide as well as within America – references to the fantastic Depression of the 1930s are increasing. His “mild” qualifier is rooted in historical truth.
Americans haven’t reached anywhere near an early-1930s level of misery. By 1932, year Franklin D the. Roosevelt was elected president, the unemployed “lived in the primitive conditions of the preindustrial society stricken by famine,” a respected historian of the era wrote. Actually, conservatives cite statistics displaying that today’s 8.1 percent unemployment rate has not reached the level of the 1981-1982 recession even, when the jobless rate reached 10.1 percent.