Our country's history unequivocally shows that after every significant economic expansion, a meaningful correction and a total war follows. In the Roaring Twenties, an enormous stock market rise and economic boom led to the Great Depression. The middle of the 19th century also saw an expansion followed by a depression. And if we examine the totality of our history, dating back to when we won our independence, we discover that a cycle repeats on average every 80 years. Every 80 years or so, the United States plunges into a crisis that lasts several years-sometimes as long as 20. The first such crisis was the American Revolutionary War, which began in 1775. The second was the Civil War, which began in 1861. The third was the Great Depression, which began in 1930 and was followed by WWII. Are we about to enter the fourth era of extreme hardship? Does history repeat itself? Will the economy and stock market crash in the 2020s?
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