lessons to be learned

Great Depression holds lessons for surviving tough economy (CNN)

Memories of salvaging and stealing to avoid going hungry are part of the legacy of the Great Depression. Some iReporters say they can’t help but look at the current economy and feel the past holds lessons for the present.

Donna LeBlanc of Waxia, Louisiana, says she carries no credit to this day as a result of the frugality and self-reliance instilled in her by her family. Her husband keeps the couple’s credit card and maintains a zero balance.

The Great Depression meant scary times for many households as a period of economic downturn spread throughout the world. Historians trace its start to the “Black Tuesday” stock crash on October 29, 1929, and argue that the resulting global desperation set the stage for World War II.

LeBlanc said her grandparents were fortunate that they didn’t have investments and could grow — or catch — their own food during the Depression years.

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