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Crash (economic events in Rapture)

The economic downturn partway through Raptures history 

Likely happened around 1952 (end of major Construction, end of contact with the Surface, end of influx new immigrants, AE going out of business) 


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AE Bankruptcy one of the effects of the mid-history economic event

See also Rapture_Economy

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That Blamed Excuse of a Stock Market "Crash" (BUNK)  :

Rapture would have had more of a 'company share' market, used for the few large companies and maybe some smaller companies. Mortgage properties don't go away. Market Speculation simply WOULD NOT have been on the scale/pervasiveness of America 1920's ... (the speculative bubble fed from across a country - surely the people in Rapture would remember that - and MANY lived through it to be leery of taking part in it again).

Only small losses to volatility, not 'Crash' (so Stock Market WASN'T the activator). There has to be a 'Panic' leading to money disappearing as overpriced stocks dropped to nothing. "Ponzi scheme" was already an 'understood' concept, as was that of a 'speculation bubble'.

The Overproduction which fueled the 1929 Crash wasn't quite as likely in a 'money up front' economy like Rapture's would need to be. Excess production overall wouldn't happen much, as the market was so small. It wasn't like there was some REST of the country 'out there' with 20X the population ready to buy stuff *AND* investment money from 'out there' pouring into the big city centers of speculation.) Banks wouldn't lend money like they once did for speculation.

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New York City, which Rapture appears cosmetically modeled after, was actually an almost unique economic place in America. Rapture though ISN'T (and cannot be) the same situation, so similar 'crash' dynamics just would not apply.




NotQuiteTheSame

"Stock Market Crash", not quite the same environment in Rapture(~1952) as there was in 1929. Too small a economic system for the same effect, or for 'stocks' to work the same way (many fewer big companies which made it worth it to issue 'stock').




RaptureStockExchasnge

With ~20000 people in Rapture, the 'Stock Exchange' could only be so large (and the impact on any economy thus likewise small).




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