🇾 🇪 🇿 🇿 🇪 🇾If a Great Depression happened again, would people still stand together like they did during the penny auctions?
neidu3
🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 Wasn’t the Great Depression a worldwide thing?
Not really, the great depression in capital letters was almost 100% in the US.
The rest of the world had a recession, a bit tougher than normal but nothing near what happen in the US
You are forgetting the collapse of the Weimar Republic and the rise and the rise of the Nazis.
www.britannica.com/event/Great-Depression
Their currency collapsed to the point, where a wheelbarrow of cash could not buy a bread.
I would say that is pretty significant.
Great Depression | Definition, History, Dates, Causes, Effects, & Facts | Britannica
The Great Depression was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
???
The weymar hiper inflation happened almost 9 years before…
The great US depression was only a drop in a miriad of causes, it is not even in the top 3 of reasons of nazi getting the power.
That mostly has to do with the end of WWI and the reparations they had to pay. It happened near the same time, but not really related.
That isn’t true. France, for example, had to pay a larger indemnity after the Franco-Prussian war. It certainly didn’t help but blaming it all on a fairly standard post-war treaty is literally a relic of Nazi propaganda.
These events are interconnected and pretending the Great Depression didn’t affect economies world wide is revisionist nonsense.
A story my parents shared with me as a kid, allegedly from somewhere in family history was of an individual taking a wheelbarrow of cash to the store to buy a load of bread, heading inside and learning the price had further increased and upon returning outside finding the cash dumped in the street and the wheelbarrow gone since that was the (relative) valueble left unattended.
The US Great Depression directly lead to hyperinflation in Weimar Germany which lead to the rise of National Socialism.
Nope, it didn’t, the hiper inflation happened almost 9 years before.
Part of that was linked to a great drought on US farms caused by overfarming leading to the dust bowl. That was a major part of the US GDP then. And 100 years later people still don’t believe humans can alter the environment.
DNSThe US at the time deported Latino citizens due to the increases racism/bigotry. Most of them were farmhands who knew how to work the land, better than the white farmers. The US realized their mistake in the middle of the depression and attempted to woo the same people back under the Vaquero program. The promise of citizenship was never fulfilled by the US.
The drought began 5 years after the market shit itself to death. The farms began struggling after the war.