big expantionisionist boom brin land and spending in the economy. it hurt people for a long time. not just in america. it was a global economic sort of turning. and in england, the 1840s were known as the hungry 40s. by the end of the, the 19th century. early 20th century. such a period of starvation. >> in looking at that lesson. from 1837, where are we now, taking it up to the 2008 crisis. >> in fact, again, yet another theme. we keep drawing attention to continuities. we all want to caution this is not the same thing happening. but again, very, very important theme, are the long term impacts, especially of these extended periods of crisis. in fact there is a lot of research being done now, about the, the effects, especially for young people who are about to enter or who have recently entered the labor market who have lost their jobs, who have had to take, downsize early on in their career. there is a lot of research done about how the impact of that is not just -- felt for a couple years. it's literally follows you throughout your career. especially, especially the experience o