⭕ The Great Depression 1929: How the World Collapsed in Days?
💥 In the fall of 1929, Wall Street collapsed like a house of cards, bringing down banks, companies, and global trade.
📉 Between 1929 and 1933:
• U.S. output shrank by 29%
• Unemployment reached 25%
• 7,000 banks went bankrupt
• Global trade shrank by two-thirds
🔓 Main causes:
1. Gold standard: Tying currencies to gold strangled liquidity.
2. Bank failures: A banking panic wiped out lending.
3. Debt contraction: Falling prices made debts heavier.
4. Wrong policies: Deadly tariffs and early monetary tightening.
⚖️ Today the situation is different:
• No gold standard.
• Deposit insurance (FDIC).
• Automatic stabilizers (unemployment benefits + taxes).
• Global liquidity lines.
🚨 But the risk remains if conditions such as:
• A prolonged trade war.
• A dollar liquidity crisis.
• Early monetary tightening.
• Financial contagion in the non-banking system.
📌 The most important lesson: The economy does not forgive… and a mistake in timing could repeat the disaster.
🌟 If you benefited from this content, following and sharing helps a lot|$BTC
#BinanceHODLerPLUME #ETHInstitutionalFlows #PowellWatch #StrategyBTCPurchase #REVABinanceTGE