• Adam Gower


Crowdfunding is nothing new; it was prohibited in 1933 as an antidote to the Great Depression and revived in 2012 as a cure for the Great Recession. Indeed, post-civil war America was built on crowdfunding during an era when the entire financial system rested on a foundation of investment from ordinary Americans who could freely invest, without limitation, in anything they wanted to by buying stocks and bonds through syndications—the crowdfunding of the day.

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© The Author(s) 2018

Authors and Affiliations

  1. 1.National Real Estate ForumBeverly HillsUSA

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