I have broken it into 2 parts. Part 1 – we can associate it with the sequence then. Part 2 – we can take reference as the situation unfolds.
Part 1 - 1929 sequence that seems familiar today: a) Crisis triggered by several factors b) Stocks rose rapidly c) Chain reaction of events d) Bank had invested heavily e) Bank failed
Part 2 - As it continued in 1929: f) Decrease in the money supply g) Decrease production & employment i) Decline spending & investment j) The cycle continued
Following the video comparing the 1929 stock crash followed-by the great depression and the recent years, there are many similarities between its technical and fundamental developments.
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