It’s a little known fact that more millionaires were made during The Great Depression than in any other time in U.S. history. Do you want to know how they did it so you can cash in on the economic crisis looming on the horizon?

It takes a lot of digging to locate the actual facts, not just the historical data we are spoon-fed by the media regarding how hard the depression was on the masses and how diligently the President worked to turn the U.S. economy around. It takes wading through stacks of research documents including the copyright and patent office files in addition to the Library of Congress to locate much of the data. But, there is a ton of data on the internet if you dig deep.

There’s one pure gold nugget contained in this history lesson you can use to make tons of money when our country is in a recession (like right now) because a recession is exactly the same thing as a depression except it doesn’t last as long and the economic damage is not as severe. Have patience while I give you a short history lesson that illustrates this golden nugget.

You should know that the Great Depression actually started a few years before the 1929 stock market crash and lasted until World War II brought the country out of the Depression.

In the years before 1929, as more and more credit was extended to businesses and individuals the economy was tipping over the edge from available cash to way too much credit debt. As the amount of extended credit reached a critical level, and companies could no longer pay the credit bills, the companies crashed (the 1929 stock market crash.) Because workers lost their jobs they could not pay their credit debts and the banking industries and housing market crashed.

All of the business enterprises that changed hands during the depression by people with liquid cash are too numerous to mention, but due to the war effort, those with liquid cash who bought homes, land, companies, and purchased the stocks of the companies that produced products demanded by the U.S. government for the war effort made millions. These industries included products like:

1. Iron, steel, aluminum and copper 2. Communications: radios and parts 3. Tanks, boats, aircraft, vehicles and parts for these 4. Armaments: Guns and munitions 5 - Boots, clothing, belts, helmets, caps, backpacks, hats, blankets, tents and cots (and the textiles to make them) 6 - Containers 7 - Truck, railway and shipping transportation 8 - Oil and petroleum and stock in iol wells (the Texas oil boom was a biggie!)

A few of the well known companies that were bought during that time were: Ericsson,Reynolds Metals, John Deere, Douglas Aircraft and even the Goudy Gum Company (they were the first was the first at a $5 billion bail out in April) and the mortgage crisis / real estate crash.

My clients are getting rid of their credit debt and stashing liquid cash with a vengeance. They sleep better at night and will make it through whatever comes. Are you doing anything to prepare for the economic rollercoaster ride that is already underway?

Sandra Simmons, President of Money Management Solutions has years of experience helping business owners and individuals manage their money to achieve financial freedom. Claim your FREE REPORT “7 Fatal Money Management Mistakes Business Owners Make”

- Sandra Simmons