english: First, a very low rate of return due to the 1914 and 1945 war shocks, destruction of wealth, inflation, bankruptcy during the Great Depression, and all of this reduced the private rate of return to wealth to unusually low levels between 1914 and 1945.
non_english: Prvo, vrlo niska stopa povraćaja uzrokovana šokovima iz ratova 1914. i 1945. uništavanje imovine, inflacija, bankrot tokom ekonomske krize, sve ovo je svelo privatnu stopu povraćaja imovine na začuđujuće nizak nivo između 1914. i 1945.