Some Things you don’t know about the Great Stock Market Crash of 1929

Historians call the Stock Market Crash of 1929 the greatest economic calamity in history and it is easy to see why.

Specifically, the Stock Market Crash started the Great Depression; which led to World War II, the most destructive conflict in human history. In addition, World War II led to the Cold War which lasted until the 1990s.

Consequently, the Great Stock Market Crash of 1929 shaped the 20 thCentury. For instance, World War II drove the development of disruptive technologies including electronics, computers, nuclear weapons, jets, long-range aircraft, missiles, and even frozen food.

How the Stock Market Crash Made Our World

In addition, the American welfare state was born during the New Deal of the Great Depression. Meanwhile, the British welfare state, the German economic miracle, the Japanese economic miracle, and the European Union had their origins in the aftermath of World War II.

Another consequence of World War II was the destruction of the British and other colonial empires. Thus, many countries are independent today, partially because of the Crash.

Finally, modern China began when the Japanese invasion of the 1930s fatally weakened the Nationalist regime…