Economic Challenge Quotes
The Puerto Rican debt for all the bonds they had issued was so great that there was no realistic prospect for paying it back on schedule and paying the interest. So he announced that Puerto Rico might repudiate the debt and default.
The South then had the poorest education in the country and recovery from the Great Depression was made easier by a workforce that was educated enough to handle many of the new jobs and new techniques of doing the old jobs. And that was where the South lagged. The small farms which were the mainstay of the Southern economy were by then far less important as agriculture was undergoing major changes, technological and ecoomic, with many small farmers leaving the farms for the factories if they could.
At the time there was great demand for skilled computer programmers and other technical skills. But there was insufficient demand for many of the skills that the American Workforce such as airplane mechanics, or TV Camera people for example.