Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
[laughter] guest i think we have so little perspective on this moment that it is quite impossible to say. I think the perception that many people in the United States and, of course, also around the world have that this is an extraordinary uni shall time is something that we are in a time out of time will be a curiosity in the future. People will look back and wonder about that very sense i think it is kind of an interesting phenomenon. I think that will be studied. Host when you think about today, do you compare it to any other period in history . Guest no, you know, as a historian, im interested in analogies. I think we have a cognitive tendency to enjoy analogies to find one thing to be like another, all the time, just in the same way, you know, im the kind of person that sees likenesses in family members. I look at a new baby and say oh that looks just like great grandma so and so. But at the same time, even as i say that, i recognize that a lot of that is my need for familiarity.
So little perspective on this moment, its quite impossible to say. I think the perception that many people in the United States and of course also around the world have that this is an extraordinary unusual time something we are the time out of time, will be curiosity in the future people will look back and wonder about that very wonderment i think its an interesting phenomenon. When you think about today do you compare it to any period in history . Jill lepore as a historian im interested in analogies we have a cognitive tendency to enjoy analogies to find d one thing to be like another all the time. Just in the same way and the kind of person that sees likenesses and family members, and look at a new baby and say, that looks just like great grandma someone so. Have the same time, even as they say i recognize a lot of that is minded perception, my need for familiarity. I think there has been for most of my career as a historian the question to ask historians is what time is this like.
Books as a historian what is your contemporary view of how our world will be viewed . We have so little perspective on this moment is quite impossible to say but the perceptionptio t many peopln the United States and around the worldha have the extraordinary initial time. In a way that was experiencing. Host thinking about today do compared to any other period of history . Guest know. As a historian i think we have a cognitive tendency to enjoy analogies to be thing like anotherre f. And then to say that looks just like my great grandma with the baby but then also with my need for familiarity so as my career as a historian that is a journalistic tick to understand theres a whole crop leftparenthesis president ial beyond the one biographers as a way to contain that chaos as a way to avoid with that moment in time. Host you gave a talk on your book what do we mean in American History . How do we reckon that it is two different as to share a common ancestry as a people and it seems a fair
This afternoon, we are going to be starting our discussion of the Great Depression and what were going to be doing today is talking about how the Great Depression affected ordinary people. Were going to talk about sort of the nuts and bolts of the situation and the things that people would have experienced in their everyday lives if they were seriously affected by the problems of that decade. Now, i dont normally use images like this, but im using this one for a reason. Grandma survived the Great Depression because her supply chain was local and she knew how to do stuff. Thats a really important concept, and were going to come right back to it at the end of class as well. This really is sort of the theme for the day. Now, in terms of what were going to be talking about, were going to start with an overview of what the problems of the Great Depression were for ordinary people. Sort of the depths of the problem. Well talk about how families tried to cope in terms of their work strategies