{"id":4776,"date":"2008-10-01T17:36:57","date_gmt":"2008-10-02T00:36:57","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4776"},"modified":"2008-10-01T17:36:57","modified_gmt":"2008-10-02T00:36:57","slug":"a-look-past-the-hyperbole-of-the-great-depression","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4776\/a-look-past-the-hyperbole-of-the-great-depression\/","title":{"rendered":"A Look past the hyperbole of &#8220;The Great Depression&#8221;"},"content":{"rendered":"<p>My Grandmother is 89. In 1929, she was 10, living in <span class=\"p\">Duquesne, PA<\/span>, a steel mill town not far from Pittsburgh.<\/p>\n<p>Grandma is still a story teller, although Alzheimer&#8217;s has mixed up the palette of her recollections, which makes for some interesting mash ups. Before Grandma&#8217;s synapses got all Web 2.0, it was the Depression stories that fascinated me the most.<\/p>\n<p>They were even better than the WWII stories, which were pretty good because she worked in an ammunition factory, but that&#8217;s a story for another crisis.<\/p>\n<p>All of Grandma&#8217;s Depression stories, from the time a truck carrying oranges jackknifed on the road right before Christmas, to the beautiful indoor pool, gym and library that Carnegie built (where Aunt Emma secretly played basketball), to the truant officer chasing down Uncle Joe, all of them had a three-part moral:<\/p>\n<ol>\n<li>We were dirt poor.<\/li>\n<li>You don&#8217;t ever want to be that poor.<\/li>\n<li>Save your money just in case anything like that happens again.<\/li>\n<\/ol>\n<p>As I got older, I started to understand how being a &#8220;Child of the Depression&#8221; had molded my Grandmother. The bargain shopping. Walking across the parking lot of the A&amp;P stooped over not because of age, but because she was looking for dropped change. The look of disbelief Christmas morning when my brother and I sat in a pile of un-boxed toys surrounded by shreds of wrapping paper a foot thick, looking for <em>more<\/em>.<\/p>\n<p>The lingering impact that living through the Depression had on my Grandmother used to interest me as an exercise of amateur psychology, a topic I&#8217;d toss around with my parents to show them they got something for the four years I spent doing keg-stands at URI: She was conditioned. Using a tea bag twice is a mild sort of PTSD. Aren&#8217;t I clever?<\/p>\n<p>I don&#8217;t feel so clever, now. Now I&#8217;m recalling Grandma&#8217;s somewhat more reliable pre-Alzheiner&#8217;s stories looking for tips, or hope, or something&#8230;She did always say, poor as they were, they were happy. That&#8217;s something, right?<\/p>\n<p>This morning a friend forwarded me a link to something that is on the Wikkipedia page for The Great Depression, a page that probably has gotten more traffic <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4776\/a-look-past-the-hyperbole-of-the-great-depression\/#more-4776\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>My Grandmother is 89. In 1929, she was 10, living in Duquesne, PA, a steel mill town not far from Pittsburgh. Grandma is still a story teller, although Alzheimer&#8217;s has mixed up the palette of her recollections, which makes for some interesting mash ups. Before Grandma&#8217;s synapses got all Web 2.0, it was the Depression [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,26],"tags":[],"class_list":{"0":"post-4776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-lending","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9282,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9282\/americans-and-hard-times\/","url_meta":{"origin":4776,"position":0},"title":"Americans and Hard Times","author":"Jeff Brown","date":"July 22, 2009","format":false,"excerpt":"Born in the summer of 1951, I'm one of those Boomers who've lived the transformation from simpler, more innocent times, to the hi-tech, everything's gotta be in the fast lane, in your face 21st century. 1951? Possibly the best debut year in post WW II Major League Baseball, as both\u2026","rel":"","context":"In &quot;Enduring Interest&quot;","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5875,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5875\/on-giving-thanks-the-thanksgiving-scenius-and-the-thanksgiving-scene-and-the-abundance-of-love\/","url_meta":{"origin":4776,"position":1},"title":"On\u00a0giving thanks: The Thanksgiving Scenius and the Thanksgiving scene and the abundance of love","author":"Teri Lussier","date":"November 28, 2008","format":false,"excerpt":"It was another home- my cyber home. The conversation was lively, and funny, and smart, and often over my head, but I was welcomed, and embraced, and contributed what I could. I found that I was connected to the living, to a world that is only possible because we each\u2026","rel":"","context":"In &quot;Flourishing&quot;","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18137,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18137\/overnight-news-whats-the-difference-between-a-recession-and-a-depression-youre-about-to-find-out\/","url_meta":{"origin":4776,"position":2},"title":"Overnight News: What\u2019s the difference between a recession and a depression? You\u2019re about to find\u00a0out&#8230;","author":"Greg Swann","date":"May 13, 2021","format":false,"excerpt":"Well. Who didn't see this coming? The worst inflation news: Inflationary projections correctly anticipate the consequences of more dollars chasing a static quantity of goods \u2013 but what happens when productivity also falls? That would be the practical distinction between a recession and a depression. Too pedantic? You'll know better\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1900,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1900\/you-can-use-the-no-hassle-iphone-to-hang-up-on-the-nar-but-first-attend-to-those-odysseus-medal-nominations\/","url_meta":{"origin":4776,"position":3},"title":"You can use the No-Hassle iPhone to hang up on the NAR, but first attend to those Odysseus Medal nominations","author":"Greg Swann","date":"September 7, 2007","format":false,"excerpt":"Wanna hear something amazing? Twenty-one months into the downturn, and the NAR is still adding new members. Not much growth, mind you -- not cancerous growth -- but growth is growth. I want to get back to the idea of alternatives to the NAR, but I've been busy -- that's\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14102,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14102\/time-and-a-vector-these-are-the-back-stories-of-our-lives\/","url_meta":{"origin":4776,"position":4},"title":"Time and a vector &#8212; these are the back-stories of our lives&#8230;","author":"Greg Swann","date":"February 13, 2011","format":false,"excerpt":"This is an extract from the novella I wrote at Christmas: \u00a0Christmas -- the back-story. \"The name of the game is back-story.\" I said that. I was sitting with Tigan and Chance at the food court at the Paradise Valley Mall. \"The objective is to pick out people in the\u2026","rel":"","context":"In &quot;Egoism in Action&quot;","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16209,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16209\/americans-will-downsize-and-live-multigenerationally-in-order-to-offset-the-fraud-they-know-exists-in-real-estate-until-there-is-wage-growth-and-that-could-be-years-or-decades-away-people-will-n\/","url_meta":{"origin":4776,"position":5},"title":"&#8220;Americans will downsize and live multigenerationally, in order to offset the fraud they know exists in real estate. Until there is wage growth, and that could be years or decades away, people will not trust any upward movement in real estate values.&#8221;","author":"Greg Swann","date":"September 27, 2012","format":false,"excerpt":"A searing indictment of The Bernanking System in Business Insider:Once people start to come out of negative equity, even more of them will sell and try to get out from under the cloud they are under. So, the housing bubble orchestrated by the Fed and by the hedge funds and\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=4776"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4776\/revisions"}],"predecessor-version":[{"id":4777,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4776\/revisions\/4777"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=4776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=4776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=4776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}