EyeOfTheTokenStorm
#数字资产动态追踪 The 1929 Stock Market Crash: A Financial Collapse Powerful Enough to Rewrite History
How severe was this disaster? In October, the New York Stock Exchange saw the Dow Jones Industrial Average plummet 40% in ten days. Overproduction, consumer exhaustion, exploding leverage—three toxic factors hit simultaneously. The Hoover administration chose to stand by and watch, even enacting the Smoot-Hawley Tariff Act, which ignited a global trade war, slashing exports by 77% to just 23%.
The subsequent story was even more brutal. Over 43 months, the US economy shrank by half, more than ten thou
View OriginalHow severe was this disaster? In October, the New York Stock Exchange saw the Dow Jones Industrial Average plummet 40% in ten days. Overproduction, consumer exhaustion, exploding leverage—three toxic factors hit simultaneously. The Hoover administration chose to stand by and watch, even enacting the Smoot-Hawley Tariff Act, which ignited a global trade war, slashing exports by 77% to just 23%.
The subsequent story was even more brutal. Over 43 months, the US economy shrank by half, more than ten thou