Letter: America's party is over
Let me start out by saying that I am a baby boomer and my mother died in 1989. She was born in 1922 and the Crash of 1929 had a huge impact on her life as a 7-year-old, experiencing the fear and sacrifice that needed to be made by all family members.
Our parents found themselves having to give up their education to make whatever money they could for their families. As soon as I was old enough to learn about the Crash of 1929, she began to tell me how it affected the country, how lives were ultimately changed forever. She said another depression would be experienced in my lifetime. "History repeats itself, you know," she would say. I would rebuke her prediction by saying, "Now they have laws in place to keep it from happening again."
How misinformed I was. My generation is blamed for its greediness, of living beyond our means, causing this current recession. We were spurred on by the advance in technology and the emphasis on getting a good education. Money flowed, we had better jobs due to our better education and we gave our children a better life than we had because that is what parents do. However, we did not do what our parents did, we did not teach them about the Crash of 1929. It was just too sad, a black mark on American society, a blurb in our history class and now they may have to learn it firsthand through the Crash of 2008. According to Linda R. Monk, a constitutional scholar, journalist, and national award-winning author, a graduate of Harvard Law School and winner of the Silver Gavel award, "The party is over."