The U.S. economy was worse off before now, worse even than in the Great Depression. In 1620, when our Pilgrim Forefathers arrived in Plymouth, Massachusetts, per capita GDP was nearly zero. Of Plymouth Plantation, William Bradford’s journal of those early years, records the economic scarcity prevailing at the time:
“…they had now no friends to wellcome them, nor inns to entertaine or refresh their weatherbeaten bodys, no houses or much less townes to repaire too, to seeke for succoure…”
They did however find the barest of provisions in the abandoned homes of American Indians:
“They also found more corn, and beans of various colours. These they brought away, intending to give them full satisfaction [repayment] when they should meet with any of them, as about six months afterwards they did.
What Your Peers Are Reading
“…they thus got seed to plant corn the next year, or they might have starved; for they had none, nor any likelihood of getting any, till too late for the planting season.”
Actually, just under half the population did die that first harsh winter. Socialist economic policies kept the Pilgrims starving for three years, and as today, kept the unemployment rate needlessly high:
“The experience that was had …may well evince the vanity of that conceit of Plato’s and other ancients applauded by some of later times; that the taking away of property and bringing in community into a commonwealth would make them happy and flourishing; as if they were wiser than God. For this community (so far as it was) was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort.”