What caused it?
What caused the great depression ?
Benjamin Morales
Jayden Brown
the country's beloved dog died shortly after it's parent's divorced.
Lucas Morales
xxxtentacion's death :(
Nathaniel Cooper
((()))
Aiden Perez
N
Noah Powell
Over manufacturing of goods
Asher Myers
Cooper Gomez
fucking boomers
Aaron Sanchez
balls
Chase Harris
A combination of an unregulated stock market and protectionists slamming up tariffs and retaliatory tariffs against each other all at once.
Luke Foster
the bogs
Carson Barnes
kek this. literally every economic failure in history is always somehow linked with boomers. they are literal cancer of this earth.
Daniel Jackson
Excessive fapping. Nofap fixes depression.
Grayson Young
(((shekelstein)))
Logan Ortiz
Jews
Andrew Jackson
Li
Eli Robinson
whales accumulating
Alexander Perez
>Since 1922, the stock market had gone up by nearly 20 percent a year. Everyone invested, thanks to a financial invention called buying "on margin." It allowed people to borrow money from their broker to buy stocks. They only needed to put down 10-20 percent. Investing this way contributed to the irrational exuberance of the Roaring Twenties.
The crash wiped people out. There were forced to sell businesses and cash in their life savings. That's because brokers called in their loans when the stock market started falling. People scrambled to find enough money to pay for their margins. They lost faith in Wall Street. You can’t have a healthy economy without confidence in the market.
Adam Gonzalez
This guy.
Austin Reed
I think there was agricultural overproduction, and the same with the auto industry, but everyone was just like 'this too shall pass, let the good times roll'. Until some massive steel magnate in Britain got done for fraud (borrowing from false collateral to keep expanding his semi-ponzi scheme empire) that sent jitters back into US markets. I think primarily because the UK had borrowed a lot of money from American lenders - so there were fears that since the British markets had gone into freefall since this giant magnate was a convicted fraudster, it pushed up yields on these loans, and it just reverberated over the course of 28 days through US markets.
I'm not sure what the actual root causes are, like I said there was a lot of crops and stuff in the US that wasn't being sold, and I remember the Car industry was another indication - obviously there was too much speculating - not enough buying goods: but I couldn't give you situational specifics.
Easton Davis
Cryptos
Cameron Reed
god dammit not again
Tyler Walker
i think it was one specific religion
Camden Adams
youtube.com
Hey...HEY
Grayson Baker
Seems like I've heard something about this lately.
Ryder Morales
People stopped cleaning their rooms