Reflections on The Poverty Business

Ever since the creation of credit, we as credit holders have been getting ourselves into trouble. An example here would be the Great Depression. Many Americans abused their credit to the point that there was a major crash in the stock market. Now there are many interpretations of the Great depression and some are still argued over today. But in this reading I found that we are not learning from our history. Yes there are many corporations taking advantage of the fact that we are going to over indulge on products that are not necessary then when we find ourselves in the hole we find there are many more companies that make profit off of our short comings by charging us higher percentages on loans because our credit is disastrous.