Lessons from the Great American Real Estate Boom and Bust of the 1920s
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Although long obscured by the Great Depression, the nationwide "bubble" that appeared in the early 1920s and burst in 1926 was similar in magnitude to the recent real estate boom and bust. Fundamentals, including a post-war construction catch-up, low interest rates and a "Greenspan put," helped to
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美国国家经济研究局创建时间：
2009-12-01
