by Paul Mampilly
The Sovereign Investor
In 1929, the stock market crashed. For the next 10 years, the U.S. economy sank into a depression that put one out of every four people out of work. In 1939, World War II began. And in 1945, it finally ended.
Fifteen years of nonstop horrible events happening.
When World War II ended, everyone expected the Great Depression to continue. Many expected an even worse financial depression.
But that’s not what happened. Soldiers returned home. They married, got jobs or started businesses. They had kids and bought houses. Most important, they set aside the horror show of war and depression of the last 15 years. They set their goals to build a better life. And by doing this, they grew the U.S. economy by incredible amounts.