It's a little known proven fact that more millionaires were created through the Great Depression than in some other era in U.S. history. Wish to know how that happened so that you can profit from the current economic situation?
I did so plenty of searching to obtain the real facts, not merely the historical data dished out by the press about how precisely hard the depression was about the masses and the way hard the President worked to show the economy around. It takes digging through piles of research documents including the patent and copyright office files as well as the Library of Congress to discover a lot of the information. But, there is a lot of data on the internet if you dig deep.
There's a pure gold nugget within this history lesson will make lots of money when our country is at an economic depression (like today) because a recession is likely same like a depression except it doesn't be as durable and the economic damage isn't as severe. So bear with me because i provide you with a short history lesson that contains this golden nugget.
You have to know how the Great Depression actually began many years prior to the 1929 stock exchange crash and lasted until Wwii brought the country out from the Depression.
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In the years prior to 1929, as greater and greater amounts of credit was extended to the people and businesses the economy was sliding within the edge from available cash to excessive levels of personal debt. When the quantity of extended credit reached a crucial level, and corporations could no longer pay the credit bills, the businesses crashed (the 1929 stock exchange crash.) When employees lost their jobs they could not pay their credit debts as well as the banking industries and housing market crashed.
All the businesses that changed hands during the depression by people with liquid cash are extremely numerous to cover, but due to the war effort, those with liquid cash who bought land, homes, companies, or dedicated to the stocks with the firms that made products that were popular by the U.S. government for your war effort made millions. The industries included such products as:
1. Iron, steel, aluminum and copper
2. Communications: radios and parts
3. Transportation: Aircraft, Tanks, boats and vehicles (and their parts)
4. Ammunition and weapons
5. Boots, clothing, belts, helmets, caps, backpacks, hats, blankets, tents and cots (as well as the textiles to be)
6. Storage and shipping containers
7. Shipping, truck and railway transportation
8. Petroleum products and fuels as well as the stocks in oil wells (the Texas oil boom was obviously a biggie!)