GreatDepression

The famous author of the book 'Rich Dad Poor Dad', Robert Kiyosaki, has once again drawn attention to Bitcoin, asserting that it could be a salvation from a future financial collapse similar to the Great Depression of 1929. On July 29, 2025, Kiyosaki emphasized in his statements that the world is on the brink of economic collapse due to the rising U.S. national debt, unstable central bank rates, and excessive money printing. In his opinion, traditional assets like stocks and bonds are losing value, while $BTC gold and silver are capable of preserving wealth.

📉 The Stock Market Collapse That Sparked the Great Depression

The Wall Street Crash of 1929 remains one of the most devastating financial events in history, marking the beginning of the Great Depression. In just a few days, billions of dollars vanished, leaving investors, businesses, and ordinary citizens in financial ruin.

✔️ Stock prices plummeted, wiping out fortunes overnight.

✔️ Banks failed, unable to recover from the sudden collapse.

✔️ Unemployment skyrocketed, leading to widespread poverty.

This wasn’t just a market crash—it was the beginning of a decade-long economic nightmare.

💰 The Build-Up – How Did It Happen?

🚨 Speculative investing soared, with people buying stocks on margin.

🚨 Banks lent recklessly, fueling an unsustainable bubble.

🚨 Economic warning signs were ignored, as optimism blinded investors.

For years, the stock market seemed unstoppable—until reality struck.

🔥 The Crash – The Breaking Point

✔️ On October 24, 1929 (Black Thursday), panic selling began.

✔️ October 29 (Black Tuesday) saw the worst single-day market collapse in history.

✔️ Banks and businesses failed, triggering a global economic downturn.

The financial world watched in horror, as the economy spiraled out of control.

⚖️ The Fallout – The Great Depression Begins

🚨 Millions lost their jobs, as businesses shut down.

🚨 The U.S. government introduced financial reforms, including the Securities Act.

🚨 The global economy suffered, leading to years of hardship.

The Wall Street Crash of 1929 wasn’t just a financial disaster—it was a turning point that reshaped economic policies worldwide.

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📉 The Global Economic Collapse That Followed the 1929 Crash

The Wall Street Crash of 1929 didn’t just wipe out fortunes—it triggered the Great Depression, a decade-long economic catastrophe that affected millions worldwide. Businesses failed, unemployment soared, and governments struggled to respond.

✔️ Banks collapsed, wiping out savings.

✔️ Unemployment reached 25%, leaving families in poverty.

✔️ Global trade declined, worsening the crisis.

This wasn’t just a recession—it was the worst economic downturn in modern history.

💰 The Build-Up – How Did It Happen?

🚨 Stock market speculation fueled an unsustainable bubble.

🚨 Banks lent recklessly, leading to widespread failures.

🚨 The crash destroyed consumer confidence, halting spending and investment.

For years, the economy seemed unstoppable—until reality struck.

🔥 The Depression – The Breaking Point

✔️ Factories shut down, unable to sell goods.

✔️ Millions lost their homes, as foreclosures skyrocketed.

✔️ Governments struggled to respond, leading to political upheaval.

The financial world watched in despair, as economies crumbled.

⚖️ The Fallout – A New Economic Order

🚨 The U.S. introduced the New Deal, aiming to restore stability.

🚨 Global financial regulations tightened, preventing future collapses.

🚨 World War II ultimately ended the Depression, as economies shifted to wartime production.

The Great Depression wasn’t just a financial disaster—it was a turning point that reshaped global economic policies.

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#FinancialHistory #Write2Earn 🚀