I don’t recall this ever being sold as a ‘the economy came crashing down’ type event. I mean, back then, lots of people were near subsistence farmers, etc. Surprised nobody went bankrupt/was ruined, however. I’d have though that some number of rich people and merchants would have managed to get into trouble. Perhaps that wasn’t even possible back then. So much inventory of real goods, un-leveraged property ownership, etc? Even loosing all your liquid assets was only a small bit of your total wealth?
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