The Great Depression, triggered by the 1929 stock market crash, was the most severe economic crisis in American history, causing over 9,000 bank failures, widespread unemployment, and the loss of homes and savings for millions of Americans, fundamentally transforming the relationship between citizens and their economic system.
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One Collapse… Millions Suffered.本站添加:
The greatest loss the US ever faced [music] wasn't caused by war.
It was caused by capitalism.
1920s America, the war is over.
Factories roar. People [music] are dancing, spending, dreaming bigger than ever. The country calls it the roaring [music] 20s. Banks give loans to anyone.
Stocks are booming. Millionaires are born overnight and everyone believes it will never end. Wall Street becomes a temple, capitalism a religion. And the US, the richest [music] country on Earth.
But then, October 1929, the market doesn't slow down.
It collapses.
In a single day, fortunes vanish.
Bank accounts evaporate. Over 9,000 banks shut down.
Homes are lost. Entire families go hungry.
And for the first time, the American dream becomes a nightmare.
They called it the Great Depression, but for millions, it wasn't just a depression. It was betrayal of the system.
>> [music]
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