🇾 🇪 🇿 🇿 🇪 🇾If a Great Depression happened again, would people still stand together like they did during the penny auctions?
neidu3Mod notice: This post is kinda in the grey area of being in breach of Rule 6, but it’s a good question with decent answers, so it gets to stay.
🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 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.
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.