Was trying to find some sources to answer this question (sources, not opinons please)
If there is a finite amount of money.. And the nation suffers a depression...Shouldnt there still be money there, just in the hands of fewer people?
Were there not people who profited off the depression? Buying forclosed properties, resources and goods. People were loosing their homes, but someone was taking ownership of them. People were loosing their belongings, but someone was buying things at estate auctions.. Banks were going under, but someone was buying their assets. Real estate doesnt vanish.
Things do not dissappear with out a trace. The value of the dollar may of been lower, but the dollar still existed...Instead of the wealth being distributed across the nation, it became more centralized.
2007-07-17
04:58:45
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9 answers
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asked by
Kacy H
5