What Caused the First Economic Crash?

A long time ago, people used money made from sheep and cows. But one day, everyone got too excited about trading, and it all went wrong, just like when you get too excited about candy and then realize you’ve eaten the whole bag.

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Examples

  1. Imagine you’re trading your favorite candy for snacks, but then all the candy suddenly costs twice as much.
  2. It’s like when everyone starts selling toys at a fair, but no one buys them anymore because they’re too expensive.
  3. If you had to pay double the price just to get your favorite snack, you’d be sad too.

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Categories: Economics · economic crash· ancient history· economics· history · Text is available under the Creative Commons Attribution-ShareAlike License.