These photos were from Te Ara Sallies
When the Great Depression Years started, and where was the first place that causes the problem of financials?
The Great Depression started on September 4th, 1929, in the USA, and it was the result of the stock prices fall quickly. Then on October 29th, 1929, the share markets became crash throughout the world, and it was formerly known as the Black Tuesday. Many countries, including New Zealand, were severely affected from 1930s to 1932 because we, New Zealand, sent many farm exports such as butter, milk, sheep, frozen meats, timbers.
Then there was a Great Recession from 2007-2009, and the result was from the bursting house bubble in the United States between 2005 to 2006 and the financial crisis from one country to another country between 2007 to 2009. Many businesses forced to closed down the company, house prices from high to low, closing down several banks, and several companies went bankrupt.
I recalled this Great Recession when I was a bank officer/data entry operator and continue to work there until I choose to resign by reaching 20 years of banking experience. Why did I choose to quit at the bank? The manager and HR would not give me a higher level, such as manager or supervisor due to my disability – deaf for they know I was very excellent worker for all departments with four to five human errors within 20 years. I recalled my ex-work colleagues made more human errors and unable to reach the deadline to completed the workloads. Of course, yes, it was discriminated against in my banking experience.
Now today, with the COVID-19, we are facing lockdown in our country along with other countries and some of the businesses such as supermarkets, petrol stations, bus transport, social services, continuing to work for everyone. It is called essential services. The kind of companies as construction works, Sawmills, schools, veterinary are not under essential services. Many of the workers under non-essential services will stay home and able to receive the help of finances during the lockdown, such as wages. The unemployment rate has gone up, no exports to other countries, the economy fall even share market tumbling down.
I am working as a deaf specialised worker for the D/deaf/Hard of Hearing people and people with disabilities in Waikato while my partner is not working. We prepared for our mortgage/loans to holiday periods by our bank, which had approved, and we are living under my only income.
Have you done the holiday period time for your mortgage or loans?
Have you applied for the help of finances through WINZ?
If not, THEN better to do.
Are we going to recession or not?
Time will tell………
Life in Eureka 