The Great Depression etched in modern history (1929-1939). It was the worst economic crisis.
In 1929, Wall Street collapsed. And:
🔻 1 in 4 Americans will lose their jobs
🔻 Global trade comes to a halt
🔻 Banks are collapsing left and right.
🔻 Poverty covers the Earth
It was not just a market issue. The trust in money itself has disappeared. The world has learned from this chaos. Financial regulations have been strengthened, and the role of central banks has also changed.
Why is it important now?
The lessons of the Great Depression still live on. They provide hints for recognizing modern risks. Even in the era of inflation, bubbles, and cryptocurrencies. I have a feeling that history tends to repeat itself.
📌 In the world of Web3, decentralized finance (DeFi) is showing new possibilities—it may be a way to avoid the collapse of centralized systems. However, it seems that we need to be careful in its construction. 🚀🌕
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What is the Great Depression? 🧠📉
The Great Depression etched in modern history (1929-1939). It was the worst economic crisis.
In 1929, Wall Street collapsed. And: 🔻 1 in 4 Americans will lose their jobs 🔻 Global trade comes to a halt 🔻 Banks are collapsing left and right. 🔻 Poverty covers the Earth
It was not just a market issue. The trust in money itself has disappeared. The world has learned from this chaos. Financial regulations have been strengthened, and the role of central banks has also changed.
Why is it important now?
The lessons of the Great Depression still live on. They provide hints for recognizing modern risks. Even in the era of inflation, bubbles, and cryptocurrencies. I have a feeling that history tends to repeat itself.
📌 In the world of Web3, decentralized finance (DeFi) is showing new possibilities—it may be a way to avoid the collapse of centralized systems. However, it seems that we need to be careful in its construction. 🚀🌕