I suffered from severe depression for over a decade. My condition deteriorated steadily. I was suicidal.
But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
My parents were both born and raised in the Depression. They instilled great values about integrity and the importance of hard work, and I’ve taken that with me to every job.
Herbert Hoover failed through no fault of his own. The Crash of 1929 and the Great Depression were beyond his control, and every remedy he tried failed adequately to work.
While the line between stress, deep anxiety, and depression often blurs, most entrepreneurs struggle with broad mental health issues at various points in their lives.
I’m not denying that depression can be spiritually induced. Guilt from having wronged and hurt others can bring it on. A sense of having failed to live out the will of God can give rise to depression. Certainly the fear of death and what might follow can sap the joy out of life.
I am one of millions who have been treated for depression and gotten well; I was lucky enough to have a psychiatrist well versed in using lithium and knowledgeable about my illness, and who was also an excellent psychotherapist.
Growing up during the Depression, I worked for the Forest Service and CCC (Civilian Conservation Corps). I tend to work very, very hard. I wouldn’t change that for anything.
Thinking you’ve had depression makes about as much sense as thinking you’ve been run over by a bus. Trust me you know when you’ve got depression.
These diseases, both alcoholism and addiction, much like bipolar or depression and different illnesses, are still not seen as real diseases. People shy away from seeking help because it’s viewed as being somewhat morally off the path, that they’ve lost their way.
I was having problems with depression and anxiety disorder, and it felt like not blogging about it was creating a false history. When I did finally share the problems I was having, I was shocked not only by the support that was given to me, but also by the incredible amount of people who admitted they struggled with the same thing.
But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street to figure out what would have happened? We avoided and all economists will tell you that millions of jobs were saved because of the Recovery Act, and we avoided a second Great Depression. That, that is a reality.
My professional apprenticeship at Iowa State College from 1930 to 1943 could not have been better; the Great Depression made it so, and the talented younger economists at Ames during that period made it an exciting and profitable intellectual experience.
The minimum wage was enacted in 1937 during the Great Depression and it has been increased 16 times. It’s a well-established economic policy to help families.
As a young man, I lived through the Great Depression, when banks failed and so many lost their jobs and homes and went hungry. I was fortunate to have a job at a canning factory that paid 25 cents an hour.