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After 1929, so many people had been traumatized by the stock market crash that there was a lost gen
After 1929, so many people had been traumatized by the stock market crash that there was a lost gen
After 1929, so many people had been traumatized by the stock market crash that there was a lost gen
After 1929, so many people had been traumatized by the stock market crash that there was a lost gen
After 1929, so many people had been traumatized by the stock market crash that there was a lost gen
After 1929, so many people had been traumatized by the stock market crash that there was a lost gen
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Ron Chernow:
In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest agaiRon Chernow:
When news of the crash came, probably a lot of people in small towns and farms across America feltRon Chernow:
I think one of the important things that's happened in the course of the century is that life expecRon Chernow:
The public has lost faith in the ability of Social Security and Medicare to provide for old age. ThRon Chernow:
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, whRon Chernow:
A lot of the money in the stock market is really our national retirement plan, for better or worse.Ron Chernow:
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddeRon Chernow:
By the late 1980s people realized that houses did not always appreciate and that they could fluctuaRon Chernow:
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.Ron Chernow:
Once the brokerage house, rather than the bank, became the locus for American savings, that money w