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.
Unemployed workers queue in Berlin. The Great Depression was a long and extensive economic crisis, affecting most developed nations in the early and mid 1930s. It was triggered by a stockmarket crash in New York City in 1929, then soon spread beyond the United States, crippling the economies of dozens of nations.