I have heard many people "lost everything" in the stock market crash of 1929. What exactly did they lose and did anybody ever find it?
So, I have generally assumed that the people who lost everything lost money. Where did they lose it? In the couch cushions or something? Did anybody ever find the money they lost or is it still out there somewhere? Was the money they lost destroyed somehow, as in a fire?
Or, if they did not lose it in a place, did they lose it in the sense that somebody else ended up with their money, and if so who eventually did end up with their money?