Debt

The year is 1929. After the pain of World War I, the nation explodes with prosperity. Crime, immorality, and drug use are on the rise. Americans support their extravagant consumerism with ever-increasing amounts of Debt. Housing prices and the stock markets rise rapidly. People cut back on savings and borrow heavily to purchase stocks with very little down in the belief the good times will only get better, with confidence their home and stock values will continue to rise.

But they don’t. A stock market crash, housing collapse, and the Great Depression wipe out billions in paper profits along with the dreams and fortunes of millions.

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