US Treasury bond provides beefs-up the economy. A US Treasury bond is a special kind of bond issued by the government of the United States and they will use the proceeds for its initiatives accordingly. When a fund manager or even individuals purchase a Treasury bond, they are loaning money to the US government. Although historically it yields less compare to the stocks, it is a solid way to preserve the capital because you know that the government will pay its debts regardless of the economy’s status.

The Great Depression started in 1929. During the 1930s, the Great Depression struck the United States and the whole world. It was the worst economic downfall in the history of the industrialized age which lastest for ten long agonizing years. The fourreasons for the Great Depression are the stock market crash of 1929, banking panics, the gold standard (a monetary system that prioritizes gold), and steep tariffs.

If there is a "good side" in the Great Depression, lessons are learned. Lessons are learned from the Great Depression such as diversifying the financial sector and regulated the banks even more. Furthermore, here are the results of the Great Depression: The industrial production went down by 47%

Gross Domestic Product of the United States fell by 30%

Unemployment is over 20%

Some banks went bankrupt.

There are no trillionaires just yet. As of the year 2020, there are no trillionaires just yet. Jeff Bezos, CEO of Amazon, has a net worth of $107.3 billion. Jeff is currently the world’s richest man.

Jeff Bezos could be the first