MoonRocketTeam
#以太坊大户持仓变化 The Wall Street Crash of 1929 and Modern Market Risks
In October 1929, the New York Stock Exchange experienced an unprecedented collapse. In just 10 days, the Dow Jones Industrial Average plummeted by 40%, and this crisis, known as "Black Thursday," instantly evolved into a global economic tsunami. The root causes were not complicated—excessive production capacity far beyond consumer demand, unlimited financial leverage, and the inevitable bursting of asset bubbles.
The response of the Hoover administration was disappointing. Not only did they fail to stabilize the situation, but th
View OriginalIn October 1929, the New York Stock Exchange experienced an unprecedented collapse. In just 10 days, the Dow Jones Industrial Average plummeted by 40%, and this crisis, known as "Black Thursday," instantly evolved into a global economic tsunami. The root causes were not complicated—excessive production capacity far beyond consumer demand, unlimited financial leverage, and the inevitable bursting of asset bubbles.
The response of the Hoover administration was disappointing. Not only did they fail to stabilize the situation, but th