Great Depression - Sad Stories In Today's WorldQuicklink submitted by Margaret Bassett Permalink
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|What none of the experts let the investors know was that somewhere along the path, AIG stopped being rock-solid. Before Mildred knew it, the government had bought AIG and wiped out the stockholders. Fear--Franklin D. Roosevelt's nameless, unreasoning, unjustified terror--is also at work here. In sum, the less that is bought, the lower the demand for goods and services and the only thing that goes up on graphs is unemployment|
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