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Lessons Learned From Our Mistakes And History

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Do you remember what you did today? Sometimes people don't remember what they did, so they often repeat it. If you tell a secret to someone and they tell everyone you will often remember never to tell that person a secret again, but if you don't remember then it will keep happening. If we do not remember the past we are condemned to repeat it because we have to learn from our mistakes and history is important for the future.
The past has more value than we think and can improve the future if we use it as an advantage. According to the author of Hard Times "With many Americans in debt, the companies were unable to sell their products and began to let workers go." Bigger companies suffered more from Americans not being able to purchase goods therefore leaving them scrambling for solutions.Companies learned that if they lower their prices they wont have to struggle to stay in business and keep workers. During the Great Depression the farmers learned that vegetation is needed for the growth of crops. The author stated "They were unaware that this vegetation was …show more content…
Based on the article, "Some companies, however, sold too many stocks, to the point that the value of their shares exceeded the value of the companies themselves." In the past people bought to many stocks which caused everything to fail and leaving people homeless.We learned from our history that companies should be conservative when giving out stocks to others. If history isn't important for our future then history would repeat itself over and over again. Stated in the passage, "...people rushed to banks to withdraw their money, worried that it would disappear if they left it their. " The New Deal saved them from this crisis reforming the banks after the banks had no more money to give. Without this knowledge people would repeat themselves and won't know how to fix it and they learned what to do in these type of situation if it were to happen

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