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\nWill This be the Next Great Depression?\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nIn 1929, years of wild debt-fuelled speculation over company stocks came to a halt with the worst economic disaster in history. In 2001, years of wild debt-fuelled speculation over technology companies that were apparently going to...\nIn 1929, years of wild debt-fuelled speculation over company stocks came to a halt with the worst economic disaster in history. In 2001, years of wild debt-fuelled speculation over technology companies that were apparently going to revolutionize the future came to a halt when most were shown to be worthless.

And, in 2008, years of debt-fuelled speculation from borrowers that just needed that 5th investment properties and the bankers that were more than willing to accommodate this to sell some more mortgage bonds, came to a grinding halt when people realized that everything propping up this speculation was based on absolute garbage.

As of making this video, we have just lived through the fastest 30% market decline in US history – outpacing all of the examples listed above. And it's easy to think \"this time is different\".

But it is not...\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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19:00
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2020
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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public safety, government bonds, loans, debt, housing
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Best For: Explaining a topic
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