There are two things you should take care of before opening a Roth IRA: 1  Tuck away at least $1,000 in a savings account for emergencies. 2  Pay off your credit card debt. At the very least, make a significant dent in your debt and have a plan for its elimination.
David O. Whitten, Auburn University. The Depression of 1893 was one of the worst in American history with the unemployment rate exceeding ten percent for half a decade.
Meanwhile the depression of the early 1930s was a disaster for Germany. While unemployment was 1.4 million or 8.4% of the workforce in 1928 it rose to 4.8 million in 1931. By 1932 it was 6 million or about 33% of the workforce in Germany. The Nazis managed to eliminate unemployment in Germany.