Everything You’ve Been Told About the Great Depression Is Wrong

Everything You’ve Been Told About the Great Depression Is Wrong

It’s still known as Black Tuesday almost a century later. In October 1929, the stock market crashes and plunges the world into the Great Depression. At least that’s what we’ve been told and what we all believe. But then why didn’t the Crash of 1987 lead to Great Depression 2? I mean, it didn’t even slow the economy down. Or the dot-com crash. Something is missing. As it turns out, there’s a lot missing and so this is the first instalment to fill in what Economics leaves out, or plain gets wrong.
Credit to : Eurodollar University