The Great Depression was a global crisis that started in most Countries in 1929 and ending at different times in the late 1930s or early 1940s. Obviously, most people have heard of this significant economic downturn, as it was the largest and most important economic depression in modern history.
The Great Depression started in the United States, with the general view of historian identifying the stock market crash on October 29, 1929 as the origination date. It’s interesting that the end of the depression in the U.S is associated with the war economy of World War II, beginning around 1939.
With the economic difficulties facing our world now, many people are not referencing the Great Depression and are concerned we are fast-approaching another serious Depression. As fear grips people all over the globe, their is a further deteriorating impact on our economy. International trade plunges, as people begin to cut back on purchasing. Employers are forced to trim their work force, which causes a tax revenue decline in governments – and impacts services.
Our dependencies on comforts and obsessive “need” for more “things” has been the catalyst for this recent financial unraveling. I’ll take it further, and proclaim it is our pride and self-serving hypocrisy that is bringing this destruction on us.
In fact, I firmly believe we are seeing the beginning of a permanent change in our lives. Judgment is upon us, and it will begin in the household of faith. Those who can hear, be prepared.
The lavish lifestyles of ministries will be exposed, and fall into ruin. Be prepared, believers,