📉 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.
