Author Box
Articles Categories
All Categories
Articles Resources

How Babies Got Americans Out of Debt

April 16, 2012 | Comments: 0 | Views: 164

Today, I have a history lesson for you. The concept of stuff making you happy can be traced back almost a hundred years. There was a time when Americans pretty much had nothing, and interestingly enough, that time was called a "depression," the Great Depression to be exact.

The severe worldwide economic depression that affected all Americans started around 1929 and lasted until the late '30s or early '40s. It's said that the start of the Great Depression was due, in part, to the devastating collapse of U.S. stock market prices on October 29, 1929, known as Black Tuesday. It was the longest, most extensive, and deepest depression of the 20th century. It spread from the U.S. to almost every country in the world. Did you know that? I thought not. You already learned something, carry on...

Unemployment in the U.S. quickly soared to 25 percent, and in some countries rose as high as 33 percent. Countries all around the world were hit hard, especially those dependent on heavy industry such as the United States. Construction was virtually halted in many countries. Farming suffered as crop prices fell.

The Great Depression brought bread lines, soup kitchens, food rations, and thousands of hungry families. Still, people did what they could to make their lives happy. Movies with sound were still new, board games were popular and people gathered around radios to listen to baseball games and short stories. Young people danced to the big band sounds of Sammy Kaye and Guy Lombardo.

Shortages continued throughout World War II, but as men went off to war, women went to work in the factories to help supply aircraft, ships, food, and medicine. The war fueled technological advances, and new jobs were created to meet the demand. When World War II finally ended in 1945, soldiers returned home and the United States began focusing on producing merchandise and agriculture, instead of war material. There was a big jump in the American family income, in quality of life, and improvements in what people were able to obtain in general.

According to, almost exactly nine months after World War II ended, "the cry of the baby was heard across the land," as historian Landon Jones later described. More babies were born in 1946 than ever before: 3.4 million, 20 percent more than in 1945. This was the beginning of the so-called "Baby Boom."

Steve Gillon, who wrote Boomer Nation, stated,

"Baby Boom may have been obvious to everyone by 1958, but it caught most Americans by surprise when it started at the end of World War II. In 1946 the census's experts viewed the upsurge in births as temporary and predicted an increase of only 5 million for the rest of the decade. How wrong they were! In 1948 the nation's mothers gave birth to 4 million babies-a child was born every 8 seconds. By the end of the decade nearly 9 million babies had been born. The census planners had miscalculated by over 50 percent."

He goes on to describe how in 1958 Life Magazine called children the "Built-in Recession Cure," concluding that all babies were potential consumers who spearheaded "a brand new market for food, clothing and shelter."

As I always say, don't be a government statistic, be an independent life force!

Jerri Simpson, known as "The Debt Lady"), has worked in the finance industry for over 31 years, helping others conquer their financial troubles ( ).

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Debt Relief


Financial Help


Debt Consulting


Handling Debt


Credit Card Debt


Financial Problems

The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 561

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 304

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 289

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 301

Getting back on your feet after any financial setback can seem like a daunting task, but I assure you that you can do this.  The most important thing to remember is where you just came from and

By: Christine Wiltonl Finance > Debt Managementl July 10, 2012 lViews: 221

There is always the question of whether to pay off debt or save for the future. Well, from this perspective you will never have to choose.

By: P. Christopher Musicl Finance > Debt Managementl July 05, 2012 lViews: 189

Are you not able to manage the debts that are outstanding, and are creating issues for your credit history? Are you living with the threats of your creditors, and now you know that may be, you do not

By: Najeen Zahoorl Finance > Debt Managementl July 03, 2012 lViews: 170

If you are struggling under a heavy burden of debt, you already know how difficult life could be. The debt review process can free you from all your financial woes and help you live a life of freedom

By: Colin W Brazendalel Finance > Debt Managementl July 03, 2012 lViews: 283

Most people who are deep in debt think that they need some kind of monetary assistance to get out of their economic crisis. Although financial assistance might help for the time being, they would not

By: Colin W Brazendalel Finance > Debt Managementl July 03, 2012 lViews: 198

  If you are one of those people, who are badly affected from the downturn in the world's economy and you think that an accountant in bankruptcy can help you in filing a bankruptcy petition, then

By: Hammad Akhtarl Finance > Debt Managementl July 03, 2012 lViews: 211

Stop collectors from calling you--sound too good to be true? Well believe it or not, it's the easiest thing in the world to do. There is a federal law that governs bills collectors and knowing those

By: Jerri Simpsonl Finance > Debt Reliefl June 13, 2012 lViews: 76

Discuss this Article

comments powered by Disqus