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.
In addition to unemployment, workers during the Great Depression found themselves working in an atmosphere of insecurity for lower salaries and wages than before. Source: U.S. Bureau of the Census, Historical Statistics of the United States, Colonial Times to 1957 (Washington, D.C., 1960), p.70.n addition to unemployment, workers during the Great Depression found themselves working in an atmosphere of insecurity for lower salaries and wages than before. Source: U.S. Bureau of the Census, Historical Statistics of the United States, Colonial Times to 1957 (Washington, D.C., 1960), p.70.