What Really Lifted America Out of the Great Depression?
October may not be the cruelest month for investors. Based on the averages, that's September. But when Wall Street stumbles at this point of the year, it does so extra hard. And that's why, in the Oct. 3 episode of Motley Fool Answers, Alison Southwick and Robert Brokamp are joined by former Fool Morgan Housel to kick off a four-part series on the history of market crashes in the United States. In this episode and segment, they discuss the big one -- the Great Depression. It wasn't just a sharp stock market drop -- the decline lasted for three years, broke a lot of banks, and punished millions of people who had made investments (not just in stocks but in new equipment and land) based on the optimistic idea that the good times were here to stay. In the face of those years of bleakness, what got us moving again? There are still sharp disagreements.
A full transcript follows the video.
Source: Fool.com
