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The Great Depression had nothing to do with people being free to buy stocks. It was a classic bubble being burst, followed by counter-productive government meas
by CryptoPunk 7y ago
The Great Depression had nothing to do with people being free to buy stocks. It was a classic bubble being burst, followed by counter-productive government measures to prevent prices/wages from deflating (which they needed to do as the money supply contracted):
https://www.eurekalert.org/pub_releases/2009-08/uoc--hps081909.php https://www.eurekalert.org/pub_releases/2009-08/uoc--hps0819...
https://www.wsj.com/articles/SB123353276749137485 https://www.wsj.com/articles/SB123353276749137485