Aside from the blatent similarities of the onset of economic hardship due to foreign tangent wars (World War II and the "War on Terror" or whatever its tagged now), America is exactly at the same crossroads it was at years ago. Illicit use of alcohol was prevalence similar to the current recreational use of drugs in America, namely marijuana. Most people don't recognize the fact that the legalization of alcohol in 1933 was the sole reason America was able to come out of the economic slump it was once in and that marijuana legalization could yield some potentially exponential revenue for America based on the California taxation model.
Artistically speaking times of depression and economic unrest breed the best artists and I think that the onset of economic hardship has kind of broken down class systems a bit. You can now find a lot more tolerant music listeners due to the merging of music. Hip hop has become a lot more integrated with rock and roll and pop thanks to artists coming together. This summer Nicki Minaj, a female RAPPER toured with POP princess Britney Spears bringing an array of people together including homosexuals, Caucasians and African Americans.
Kanye West has even incorporated ballet into the hip hop community thanks to his Runaway video for his album "My Beautiful Dark Twisted Fantasy" (http://www.youtube.com/watch?v=Bm5iA4Zupek&ob=av2e) . West also incorporated a strong instrumental track to the deep bass, joining the fine arts and contemporary art together.
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