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THE PSYCHOLOGY OF MONEY - Commented Book
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The Stock Market Is Not the Same as the West
All stock markets in Germany and Japan were wiped out during World War II. At the end of the war, German farms only produced enough food to provide the country's citizens with 1,000 calories a day. Compare that to the US, where the stock market more than doubled from 1941 through the end of 1945. No one should expect members of these groups to go through the rest of their lives thinking the same thing about inflation or unemployment.
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