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Depressions, Recessions, and Joblessness

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Discuss or debate the questions below. Remember to support your answers!

  • Would you take any job whatsoever just to be able to eat and pay the bills?
  • Are there any jobs in which you would rather starve than do? Please explain.
  • Do you think that poor people suffer the most when there is an economic crisis? What happens to the middle class? What happens to the rich? Please explain.
  • Do you think that men suffer the most when there is an economic crisis? What about women? What about children? Please explain.

  • How concerned are you about a recession in the near future? Why?
  • How concerned are you about a depression in the near future? Why?
  • What's the difference between a recession and a depression? Please explain.
  • How well do you understand economics and finance? Do you want to know more?
  • What hardships would you immediately face if you lost your job tomorrow? What would you do to make ends meet? Please explain.
  • What hardships would you face after being unemployed for six months? What would you do to eke out a living? Please explain.
  • If there were a depression in your country, what sort of sacrifices would you be required to make just to eat and pay your bills? Please explain.
  • Let's say you've lost your job and most of your possessions. Would you be inclined to look to the future with optimism or pessimism? Please explain.

  • Some people are too proud to accept welfare. Would you go on the dole if you lost your job? (If you answered "no," then under what circumstances would you do so?)
  • Would you pawn your jewelry, TV, and other possessions to eat and pay the bills? Why/not? (If you answered "no," then under what circumstances would you do so?)
  • Would you pawn your family heirlooms to eat and pay the bills? Why/not?
  • Would you turn to petty theft or crime to eat or pay the bills? Why/not?

  • How is the economy in your country these days?
  • Has your country faced a recession and/or depression in its recent history? How about during the last one hundred years? If yes, what happened?
  • What does the following idiom mean? It's a recession when your neighbor loses his job and a depression when you lose yours. Please explain.
  • How would a depression affect global society as a whole? For example, would there be more wars? Would countries close their doors to immigrants? Would new countries achieve superpower status? Brainstorm as many ideas as possible with a partner.

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