Charles Ponzi took investors' money under the pretext of investing in International Reply Coupons. He had many imitators, but the man who did the most damage is shown next. AP/Jason DeCrow Bernie Madoff pulled off a wildly successful Ponzi scheme before things started to unravel and he ...
The Depression caused what is now known as a "liquidity trap", where the price of money is 0% interest and still no demand. GOVERNMENT came in and spent on work projects and then the war...that in turned created demand for goods and services which got up out of the depression: conclus...