Easy Money, Government Stimulus, Speculative Boom: Lessons from The Great Depression
Motley Fool Money
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The Great Depression Unveiled
This chapter explores the events leading to the Great Depression, focusing on the Roaring Twenties' influence on Americans' engagement with the stock market. It highlights the slow build-up to the 1929 market crash and the subsequent economic decline, emphasizing the psychological impact on society and the crucial legislative changes implemented, such as the New Deal. Finally, the chapter draws parallels to modern economic issues, underscoring the importance of liquidity in investment strategies.
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