1929 The Great Depression ep. 2
In 1929 years of booming prosperity ended in catastrophe, it was the biggest stock market crash since record began. First time investors borrowed huge amounts of money to speculate with on the market. This lead to the market breaking very sharply, wiping out a lot of people with it, later thousands of banks failed, millions lost everything. The crash was followed by a depression that spread across the world, lasting for a decade and was a prelude to war. This is the story of a financial disaster that we hopped would never happen again.
Mass consumption is on the rise, with the automobile, the washing machine, and the refrigerator symbolizing a new age of wealth. The middle class has also plunged into stock trading, and the economy seems more prosperous than ever. All is well, until that fateful day. "The crisis of 1929 was like the perfect storm, in which all these improbable things came together in the wrong time in the wrong way."
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| 1929 The Crash ep.1 |
Mass consumption is on the rise, with the automobile, the washing machine, and the refrigerator symbolizing a new age of wealth. The middle class has also plunged into stock trading, and the economy seems more prosperous than ever. All is well, until that fateful day. "The crisis of 1929 was like the perfect storm, in which all these improbable things came together in the wrong time in the wrong way."
