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Ep 398. The Financial History of General Motors with Capital Allocation Author, Jacob McDonough

Focused Compounding

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The Great Depression and the Stock Market Bubble

This is a very very severe though short depression They would call it a pressure back then we call it a recession now, but very sharp that happens in 1920 1921. It's close to only something like what happened in the 70s Or maybe what happened when Volcker raised rates a lot Very briefly in the 80s, but again very sharp Recession you have deflation coming out of the war because you'd had inflation during the war and so this was Like really brutal change in the speed of the economy from growing to contractingreally rapidly.

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