What was the Great Depression? ๐ง ๐
The Great Depression (1929โ1939) was the worst global economic crisis in modern history.
Triggered by the 1929 Wall Street crash, it led to: ๐ป 25% unemployment in the U.S.
๐ป Collapse of global trade
๐ป Massive bank failures
๐ป Extreme poverty across continents
It wasnโt just a market crash โ it was a breakdown of trust in the financial system. The crisis reshaped global economies and gave birth to stronger financial regulations and central bank powers.
Why it matters today?
Understanding the Great Depression helps us recognize systemic risks in modern finance โ from inflation to asset bubbles โ especially in the crypto age. ๐๐
๐ In Web3, decentralized finance (DeFi) offers a path that avoids centralized collapse โ but only if built responsibly.
