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Items tagged "Easy Money": 1

The Old Coin Tossing Game
Similarly to the Hornet’s Nest cartoon, this image refers to the 1938 recession. The Great Depression in 1929 came as a result of the collapse of the credit system. Easy money caused stocks to boom, encouraged speculation, and encouraged higher wages and prices. The system was a “coin tossing game” however, and when the credit failed the whole…