Lessons From “the Great Depression” Are You Destined to Repeat Them? (The Great Depression Started When 7 Things Combined Together)

The Great Depression in which 25% of people in America were unemployed had their homes reprocessed and faced starvation started when 7 things combined together

1. The economy went into a slower phase in the economic cycle.

2. The Wall Street stock exchange crashed in 1929 as a result of an Insider Dealer Scam (which was small compared to Maxwell or the Enron scams) still wiped out the investment of thousands of people & several banks who had not done due diligence & just hoped that share prices would continue to go up at the same rate indefinitely. Although the stock market only charts the emotional value of a stock it must sooner or later adjust the prices of stocks back to the real value based on the firm’s actual performance (it took over 2 years for the dot com bubble to burst in 2000). Other people seeing a fall in the stock market prices feared they would have a loss so rushed to sell their stock in a falling market, thus creating an excess of supply forcing prices down more to ensure they lost money.

Read the rest of the article HERE [link to prepper1cense.com (secure)]