1929 was the worst economic depression in modern history, it saw banks fail, soup lines, crippling unemployment and a decline in worldwide GDP by over 15% for context the 2008 mortgage crisis and the ensuing recession caused a drop in worldwide gdp of just 1%, so yeah this was bad, what I want to focus on for today is what put an end to the economic decline. Students of history will probably say well this is so simple, it was World War 2, and this kind of makes sense... on paper. #economics #militaryindustrialcomplex #history Patreon - https://www.patreon.com/EconomicsExplained Discord - https://discord.gg/7kM7Tw9...
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