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The Story of the Panic of 1893 and 22 Minutes of Profits in 1895


One of the things you would expect everyone to know is why things like the recent Great Recession and the earlier Great Depression keep on happening. The story of capitalism is one long series of “boom and bust cycles.”  Reading about them or watching videos is one thing, but losing everything you spent your whole life working for is another. Boom and bust cycles are usually the consequences of financial speculation – gambling not investing – by very rich and powerful people. As long as the masses are fighting among themselves about whatever pulls their strings, when the bottom drops out of the economy, they just assume some of their enemies did it and start fighting them over that. Read the complete blog at -- https://tovcenter.blogspot.com/2019/05/the-story-of-panic-of-1893-and-22.html

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