Wall Street has never been short of dead souls, and countless people have died at the hands of capital.

How terrible was the Great Depression of 1929-1933?

Seven million people died abnormally in the Lighthouse Country.

On March 9, 1929, the stock market of the lighthouse country plummeted 2,000 points, setting a record for the highest single-day closing loss in the lighthouse country since 2008, triggering a plunge in stocks around the world. The ups and downs of the lighthouse country's stock market also implicated the economic operation of the lighthouse country.

It reminds people of October 24, 1929, Black Thursday in the lighthouse country’s stock market.

It triggered the Great Depression in the lighthouse country that lasted for four years.

In the early twentieth century, the capitalist economy was based on laissez-faire, but it was also cyclical, with prosperity followed by recession.

With the help of World War I, the lighthouse country transformed from a debtor country before the war into a creditor country, and its economy achieved unprecedented development. From 1920 to 1929,

The automobile, household appliances, construction and other industries in the lighthouse country are booming, as if there is an inexhaustible supply of goods.

The people's affluent living standards are heading straight towards a moderately prosperous life.

Ford Motor Company even claims to "produce cars that everyone can afford." Sure enough, according to statistics from the Lighthouse Country, in the first half of 1929, every five people in the Lighthouse Country owned one car, and there were more private cars on the streets than

All of them. At that time, the people of the Lighthouse Country were full of happiness and felt that the life of the Lighthouse Country in their dreams was just around the corner.

But the people of the Lighthouse Country did not know that the destruction after the burning fire was close at hand. At that time, the economy of the Lighthouse Country seemed to be prosperous, but behind it, there were already dangers.

At that time, the capitalists in the lighthouse country actively expanded production and profits were soaring, making a lot of money, but the wages of workers were still pitifully low. This resulted in the concentration of wealth in the lighthouse country. 1% of the rich in the lighthouse country controlled more than 1/3 of the wealth in the lighthouse country.

However, the poor do not have much savings in their hands, and the gap between the rich and the poor is huge.

However, the large number of goods produced by capitalists for promotion encouraged the poor to overdraw their credit cards for consumption. At that time, the poor were already blinded by material enjoyment.

So I took out a loan to buy a car, a washing machine and other electrical appliances, just to earn money and pay it back slowly in the future.

Wouldn't it be nice to enjoy it in advance?

And those capitalists think differently from the poor,

Instead of buying consumer goods, they focused on real estate. It is said that at that time, the seaside real estate in Miami, Florida, a tourist resort in the southern part of the lighthouse country, had been sold to sky-high prices and became a paradise for the rich.

The poor couldn't afford to buy a house, so they invested their money in the stock market, hoping to get rich overnight and enjoy a rich man's paradise life. In the first half of 1929, the Lighthouse Country almost reached the stage of stock speculation among all the people. Due to the large amount of capital injection, the stock market of the Lighthouse Country

Crazy surge to the peak state.

Just when the people of the lighthouse country were dreaming of getting rich, a hurricane hit Miami, the lighthouse country, and swept away the paradise for the rich. At that time, the houses built by the people of the lighthouse country were not reinforced concrete structures, but mostly wooden structures. After the hurricane, they were all reduced to ruins.

The economy of the lighthouse country is like a domino. A hurricane punctured the real estate bubble of the lighthouse country, and subsequently plunged the lighthouse country's stock market into a state of destruction.

On October 24, 1929, some people began to sell stocks crazily in the lighthouse country's stock market, causing the stock market to plummet. At that time, the lighthouse country's stock market did not have a lower limit. On October 29, the lighthouse country's stock market fell again by 28%.

Nearly 10 billion U.S. dollars of stock market value evaporated instantly, and countless small investors lost their money and were forced to commit suicide.

It is said that some high-rise hotels in the Lighthouse Country were afraid that someone would commit suicide and affect the reputation of the hotel.

So when receiving guests, they first asked to confirm whether they wanted to stay or if they wanted to commit suicide? This shows that the situation in the lighthouse country was chaotic at that time.

The 1929 stock market turmoil in the lighthouse country was not only a loss for shareholders, but also caused nearly 800 banks to become insolvent and bankrupt, 9 million account deposits disappeared, a large number of factories laid off employees, and nearly 13 million people were unemployed, of course including former white-collar workers.

Gold collar men.

At that time, most of the lighthouse countries were single-earner families, with men working outside and women taking care of the children at home. Once a man lost his job, it was difficult for such a family structure to withstand the economic crisis. Many former white-collar workers could not accept the reality of unemployment and still walked out of the house every morning with their suits and leather shoes polished.

, and then spend the day lying on a bench on the street. At night, I go home with empty hands. I can only comfort my wife and children that there will be bread and everything will be there.

At that time, the people of the Lighthouse Country had no money, and social demand had dropped to the extreme. As a result, the number of jobs was sharply reduced, and there was a situation where many people were rushing to grab the same position. A certain city in the Lighthouse Country once recruited several firefighters, and they were quickly filled. Among them

In order to create demand for firefighters, an unsuccessful officer went to the mountains to set fire. Just imagine how poor that lighthouse countryman was before he would do such a crazy thing and send himself directly to prison?

Many people in the lighthouse country have lost their income and have no choice but to sell the cars they bought with loans at low prices. However, this is just a drop in the bucket and is not enough to support their families, so they have to put down their dignity and line up on the street, waiting for the bread and a little soup from the government relief.

The above is only the situation of urban residents in the lighthouse country during the Great Depression. When it comes to the situation of farmers in the lighthouse country, the situation is not much better. Farmers took out loans to purchase land and agricultural supplies. When encountering the economic crisis, they were already on the verge of bankruptcy. The food and vegetables they produced,

The freight is too high to transport the fruits, and they cannot be sold even at low prices. They have to be piled in the fields to rot, and truckloads of apples are dumped into pits.

In order to support the value of their products, some farmers would rather pour milk into the Mississippi River than sell it at a low price to the hungry people around them. A large amount of milk was wasted, and the Mississippi River turned milky white, while many people starved to death nearby.

The people of the Lighthouse Country seem to have become a strange scene during the Great Depression in the Lighthouse Country.

Of course, not all people in the lighthouse country are so miserable. At that time, if a family in the lighthouse country had more children, it would have an extra burden, so the lighthouse people gave birth to the Durex company in the lighthouse country for contraception. The people in the lighthouse country were dying, seeking short-term stimulation to anesthetize themselves, using

The bar and cinema were full.

The economic collapse of the lighthouse countries in 1929 also affected all countries in the world. It was not until 1933 that the economic situation of the lighthouse countries eased. The subsequent World War II once again gave the lighthouse countries a good opportunity to boost the economy through arms sales. However, the stock market prices of the lighthouse countries.

It wasn't until 25 years later that he returned to his peak form.

Today, the stock market of the lighthouse country is still the world's economic vane. As long as the lighthouse country plummets, the world's global stock market will also plummet.

...

So how could Wall Street miss such a good harvest opportunity? The news released by Qinglong System and Luban Chip was suppressed until the harvest was completed, and then these media released the news.

However, the Chinese stock market was not affected in any way this time. On the contrary, the news caused technology stocks to skyrocket. Technology stocks continued to open at their daily limit for a week, and some technology stocks even doubled several times.
Chapter completed!