The world is talking about only one major issue today: the global economic crisis. From the loss of confidence by American investors in the value of US securitized mortgages back in 2007, to the worldwide shockwave of this economic downturn, the reality of a weakening global economy has impacted every company from different industries and every individual from all walks of life.
With corporations downsizing and households economizing, what are authors to make of the global financial crisis? How are writers, who are looking to get their books published, respond to this economic downturn? Is the current state of the world’s economy a blessing or a curse to one’s publishing dreams?
To answer that, let us take a quick look at one of history’s pivotal economic moments: the Great Depression. During the 1930s the world was plunged into unprecedented economic woes, which gave the era its well deserved name. Much like today, the Great Depression threw a great shadow of uncertainty over every aspect of human life, including the publishing industry.
