the juice of several of england's largest banks closed got their pocket holes and germany as well. the chain was launched by just one person on august 24, 1857, the treasurer of the new york office of a large provincial bank. agaya life insurance and trust company stole all the bank's liquid funds, using them for securities speculation , the bank declared bankruptcy. it acted like a bomb explosion. suddenly it turned out that hundreds of enterprises do not have the money to make urgent payments. nobody wanted to lend money either. secured by securities that rapidly depreciated in fact the entire us banking system collapsed with economic death was great britain london urgently turned on the printing press, dozens of textile and industrial enterprises were closed without work. there were up to 50,000 on the street. a similar picture was in germany to somehow pay off the debt dummies. they are of value, had to be

asked. austria borrowed a whole train full of silver stamps then no one needed them. the united states has weathered the wave the bankruptcy of railway companies, and of various firms, this crisis was preceded by a boom, the foundation of foundations of joint-stock companies. it was new at the time , many thought it was a great idea, the more they were established, the more they would create wealth for investors. in fact, it turned out that this is not entirely true. the worst decade in the history of the united states as the americans themselves call the great depression of the 1930s , tradition and allies got it in the first three years, industrial production in the usa and germany fell by more than 40%. in france great britain almost a quarter of the echo immediately increased unemployment usa six times in france germany three times in america the number

of unemployed exceeded 15 million. world trade decreased by 50%, even in the ussr , the humanitarian crisis and famine that served as such a collapse on october 24, 1929 year, there was a black thursday. the collapse of shares on the stock exchange in new york the reason for this, economists see several reasons for fraud in the land market, in the state of florida under the guise of land. a swamp was sold for elite development, october 19. scandal minister, commerce robert can't close public accounts. which means that there is no money trading went negative on the twentieth of 3.5 million, shares were sold at a loss against the backdrop of panic turned into a meeting of a terrible depression e great truly with millions of starving americans and dying of hunger and people did not receive wages unemployment exceeded 24% able-bodied

population, and marches of the unemployed new president hoover tried to disperse. and this created enormous public tension. just a whopping thursday 24 october was the first of those days that would later be dubbed a period of panic and such an assessment is perhaps justified. given the state of uncertainty of fear and complete misunderstanding of the situation that gripped the public that day, 12 million, 894,650 shares were sold. and most of them are for next to nothing, in the afternoon of the same day, one of the leaders of the gp morgan company bank, thomas lamond, said that technical failures had occurred on the exchange. it's okay five days later, it happened, and black tuesday also recorded 16 million transactions in valuable papers, the action was actually given away for nothing throughout the country, even a wave of suicides swept one of the major speculators.

committed suicide market capitalization fell 10 billion us dollars net loss in one day. an eighth of gdp sobbed the system after 2 years, a fifth of the population was left without money 90% of the economy found itself below the poverty line, according to official figures up to 5 million people died of hunger mistakenly believe that the great depression manifested itself only in the united states it led to a full-scale global financial crisis the decline of industry and mass unemployment in countries such as canada great britain france, many analysts not without reason believe that the rise to power of the national socialists in germany and the subsequent outbreak of world war ii are largely connected precisely with the great depression of evil. the irony of history. after all, it was during world war ii. it helped the americans not only to finally get out of the crisis, but also to become the richest and most dominant country in the world. in an effort to save their gold and foreign exchange reserves from the nazis. france netherlands

belgium great britain exported to the united states, according to various sources, this is up to 10 billion dollars during the war. the united states enriched itself by supplying weapons and military materials to the allies. when the war ended, the united states gave war-torn european countries loans for loans. europeans bought american goods , the us economy grew money and returned and again gave growth to already junior partners, issuing loans to other countries with one hand of the other americans. it was forbidden to take loans in other countries to use money for repayment, other borrowings and the purchase of american goods. at the same time, the united states sharply raised prices for its products , as a result of which individual countries, for example, england in the series, until the third loan , such an economic trick was used by other countries, only 17 pieces, the marshal was told about the plan more than once. and how can one not notice a similar scenario in the united states again a crisis and

help again, maybe a war in europe , for example, multibillion-dollar lend-lease supplies for ukraine, history, as you know, goes in a spiral , just like miro business american america just simply dispossesses kulaks europe and, above all, germany, germany has now amazingly become such a resource periphery for the same united states, while pumping part of germany's industry to itself, and the germans were put on a resource pounder doubled in cost; now they supply their lng instead of e-e gazprom, i said. we remember this crisis well, but first we will tell you about another soap bubble at the beginning of the 2000s, it led to one of the largest stock market collapses in history and was called the dot-com bubble. exchange, brought down the rise of unprofitable internet companies. in

early zero investors. they rushed to invest in internet startups. then it was another speculation in the market, which was worth 5 trillion dollars, in other words, people gave money to companies that sold into the air and could not make money. the result is a crane. even such a giant as amazon barely survived, the company's value fell by 93% parallel. in the afternoon today it suggests itself literally in the games of rich speculators losing money, the middle class, as well as since 2008, september 15 , the largest investment bank. lehman brothers ordered to live behind him for a long time, from a dozen less, according to analysts, to half a billion people around the world felt the echo of those problems. the financial collapse was preceded by a severe mortgage crisis in the united states that began in mid-2007, the united states government sought to make home buying more affordable for the poor. in particular, the american authorities

practiced an artificial limitation on the growth of mortgage rates, banks actually forced them to reduce their requirements for the financial situation of borrowers at the same time the market the united states filled a lot of mortgage-backed securities, bonds and other financial instruments that were in essence. nothing is provided for understanding. then the banks did not even require information about the salary and down payment when issuing a loan for housing worth hundreds of thousands of dollars, over time it became clear. people cannot cover even half of the debts . there is simply no money, but loans are everything, as in 1850 the seventh. there simply was not enough money to pay the obligations that almost every american has in front of you. this is housing cars. there, almost everything else was taken on credit , it became impossible to pay. well, respectively, the banks began to suffer very serious losses.

banks tried to take people's property. every day about 10,000 houses were lost. the family of their united states remaining, well , in fact, it will also become clear on the street that this is another economic bubble, on which more cunning bankers and economists have earned hundreds of billions of dollars. john paulson made $20 billion betting against mortgage markets steve eisman in this way, he brought his fund 1.5 billion. investor warren bafa jen, on the contrary, bought shares of large banks and companies for next to nothing by 2.5%, trade by 10 withstood china's policy of delarization and sovereign economy

has now clearly borne fruit. how right beijing was, hence the timely decision of our country russia brazil yes and others to move away from the evergreen a crisis. maker. dollars exist today. that is, it is like an american currency, but at the same time it is global. the currency, uh, is coming to an end, and when we talk about the fact that the unipolar world is turning into a multipolar one, then maybe this is not the main thing, but first of all, it should turn into many, uh, many currencies. this is what we are now witnessing the aftershock and the global crisis was felt until 2013. just imagine , a hole of 390 billion dollars has formed in the countries. money was simply written off. the current crisis started with covid-19 pandemic