Economic Meltdown: The Proven Answer

The world is immersed in the greatest crisis since World War II. Americans are groping for answers, without success. Just as the trillion dollar bailout was being passed, Congressman John Boehner glanced at the words emblazed in granite over the Speaker’s chair. He wisely said, “when this bill passes, remember those words ‘In God we Trust,’ because we are going to need His help.”

Americans have been turning away from Him and history, His story, for decades. At the start of the 20th century our true history was rewritten (“revisionist history”), and has since been forgotten. As C.S. Lewis says, “It is the forgotten past that enslaves us.” If we had not forgotten history, we would have known that every time people turn away from God, immorality, corruption and eventually economic depression result. We would have also remembered that America has had a number of economic meltdowns. Each time, Americans repented, a great renewal resulted and America’s prosperity and stability were restored.

For example, by the late 1600s, the colonists compromised their “Pilgrim” faith and turned to greed and moral corruption, which led to the economic depression of the 1720’s. But the Great Awakening followed and swept almost half of the population back to faith in Christ and cultural renewal resulted. In the 1780s and 90s, moral and spiritual collapse led to economic depression. Then revival swept the Ivy League schools, leading to the founding of the world’s first great missionary movement. In the stock crash of 1857, one man began a prayer meeting in South Manhattan. The meeting grew from 5 men to 10,000 men who prayed daily for months, and revival spread to England, Australia and around the world. Then, after the Great Depression and World War II, a repentant America and England began the greatest evangelistic explosion in history, reaching the emerging world.

Now, this is our moment. It is not a time to panic. This is the time to learn the essential lessons of history and apply God’s unchanging, successful solutions to our lives and our nation. For example, see if you can find hope for us today in the following story. Like Americans now, the English people of the 13th century had nearly forgotten their great heritage of Christian liberty. Their nation was filled with corruption and lawlessness. A small group of landowners and business leaders at that time experienced the same anger and frustrations that we face today. They were being overwhelmed by an out-of-control government, in their case, a king.

Read more at World History Institute