<span> Falling demand leads to falling prices, and less production, which leads to a deflationary cycle that spirals out of control. It actually started when agriculture commodities (wheat, corn, beef etc) was over supplied. Followed by an artificially inflated housing market which collapsed when the market corrected. </span>
Maybe there were no cures, vaccines, or antibodies at the time. Medicine was never completely discovered for centuries to come, which is why the Black Plague occurred during the medieval/Middle Ages.
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I'm pretty sure it is property rights
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