New Zealand Transition Initiatives Social Network

From oil dependence to local resilience

Daryl Neal

The great depression of the 1930's

Wikipedia has an excellent entry on this, and I think well worth a read as from economic standpoint we are following in the foot steps. History shows the effects. All the better to be prepared.

an exert
"The debt became heavier, because prices and incomes fell 20–50% but the debts remained at the same dollar amount. After the panic of 1929, and during the first 10 months of 1930, 744 US banks failed. (In all, 9,000 banks failed during the 1930s). By 1933, depositors had lost $140 billion in deposits."

http://en.wikipedia.org/wiki/Great_Depression">http://en.wikipedia.org/wiki/Great_Depression

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Deirdre KentPermalink Reply by Deirdre Kent on July 12, 2008 at 8:30am
So are you getting all your money out of the bank and investing it it in rain tanks, energy systems, and good tools? What a dilemma.. Another depression would be managed differently by the central banks no doubt. But when I think of teenagers spending $500 to go to a ball and preteens being so reluctant to leave their nintendos and help in the garden, I think of all they will learn that the 80 year olds learnt in the last depression
Samuel CampbellPermalink Reply by Samuel Campbell on July 12, 2008 at 7:31pm
We're seeing all the finance companies failing in the last 18 months could be seen as the start of the depression when the first coupel started to fail.

I'd like to think transition towns can push for some sort of Permaculture "new deal". Some sort of growth of Real organic lifestyles eating into the conveniant lifestyule we lead today. I'm trying so very hard to keep my kids off too TV, computer games etc. and whenever the sun is out going full tilt into the backyard and garden.

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