Time magazine has a page with pictures and stories from that recession HERE.I wondered when someone would relate our current troubles to a recession that I remember from 50 years ago.
We lived in a public housing project, and my mom worked at a plant near the original Ford factory in Detroit. She got laid off from her job and didn't go back to work for a least a year. (Wikipedia says auto sales fell 31% from prior year).
(Specifics on Detroit recession from TIME are HERE, story says unemployment reached 15.1%).
I was 10 and all that I really remember was standing in long unemployment lines with my mom And for only time I can remember we took the bus and ashamedly came back with bags of surplus commodities, including a cheese brick and terrible tasting powdered eggs.
(On good news side, Explorer I, our first satellite, was launched on January 31st; more importantly for a 10 year old, the film House on Haunted Hill, with Vincent Price, came out).
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