Tuesday, December 14, 2010

Entry One: Overproduction, Buying on Credit and Uneven Distribution of Wealth

September, 1929
 Dear Diary, 
Today my dearest dad was able to buy lots of stocks when we he was able to go into the city today. But since we are already using so much credit I don't know if we will be able to survive. We still have so much to pay off, but hopefully all that stock we bought makes a difference. So we can be able to make so extra cash that we extremely  need at this point of are lives. Since credit is the only thing we have to survive. Our little jobs we have aren't really making a difference, because before we have chance to spend our money we have to give most of our checks to my dad. So then he can go buy more stocks for us to be able to make a much bigger profit. But papa hasn't been able to go to work since, more and more people aren't able to buy cars were he works since they still have cars their ready to be shipped. It seems that no one could afford to buy a new car. 

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