What caused the great depression?

normies got invited to play a money game (put money in banks for sweet interest gains)

bankers used normie cash to play their stock markets

normies get spookd and dont want to play no more

game doesnt work if a player quits midway through everyone had to stop playing

There was a stock market crash at the end of the 1920s which lead to a bank run. And because we were still on the gold standard there wasn't enough money to go around.

Jews were the pajeets of the 1930s.

Tariffs. Open trade and open borders would have prevented the great depression.

thanks, but how did everyone lose their job and get poor afterwards?

Here ya go lol:
en.wikipedia.org/wiki/Causes_of_the_Great_Depression

Long story short, it might not be as simple as some would have you believe.

Basically this. So the gold standard started being phased out in the 1930s in exchange for a fiat currency which allowed the printing of money beyond the physical asset pool. This caused consumer inflation but at least there was money to actually hire people with.

Quantitative easing. Central banks needed to print money faster to make up for the excess supply end devalue the currency. There wasn't a good way to do it back then.

Republicans dominated all three branches of government, they haven't since then until last year, so yeah GOP= Jews

what do these things mean, excess supply and quantitative easing

Okay, OP here again how did all these things cause people to lose jobs and become poor?

THEY JUST FUCKING TOLD YOU BRAINLET

>NO MONEY
>CAN'T HIRE PEOPLE
>CAN'T BUILD THINGS

Wait, so it wasn't a meme comment? If you think central banks devaluing your currency is a good thing, why are you even here? Why hold bitcoin when it's deflationary?

Because back then the business landscape was dominated by small business. They too were affected by the money supply being exhausted. The banks had no money and so they had no money. So they couldn't pay their employees. Rather than hang all the people responsible for fractional reserve banking (the practice by which banks can extend their books beyond the actual amount of money they are storing) they allowed those people to come up with a solution

oh, so they then forced the small companies to pay back all the money, so the employees lost their jobs?

The currency is only devalued if there are no bond holders to back the printed money. The irony of this system being that not only does it rely on continual endless population growth but the new people are increasingly indebted to the older generation. But hey the population keeps growing right? Fuck the planet.

>Every 30 years, Bankers "take proffits" and don't pay taxes.

>They now have more power, to pay even fewer taxes, by bribing politicians

>Less and less money makes its way back to the markets, because it's being hoarded by the afore-mentioned tax evading bankers (or industries etc)

>They raise barrier to entry into stocks, business etc etc to high heaven, so only they can get in and start new businesses etc

>They say "oh no there's zero money liquidity the markets are about to crash and banks have no money in them"

>Politicians remember that everybody is living above their means, time to tighten the belt

>Meanwhile the Clinton Foundation pays 7% taxes

No. The money belonged to the people who stored it at the bank. So the banks all went bankrupt and were amalgamated in bankruptcy to the super banks we have today.
So not only did they destroy the economy but in doing so they became more powerful than we could possibly imagine.

Basically if the normies ever figured out what was happening the streets would run red with the blood of revolution.
Just kidding. Those fatasses don't care as long as there's an endless supply of Netflix and vidya.

Newly created Federal Reserve wanted to take over the United States (Novus Ordo Seclorum). They were able to tighten and loosen monetary supply simply at their whim...with approval of the politicians of course (wink, wink).
They (the new world order, the International Jew, the Masons, The Cabal, etc) tried to consolidate power with a 'Great War' (WW1)...but it was not as successful as they hoped. When the doughboys returned from overseas, they dragged the economy down ...but down sharper than they had expected (Depression of 1920-1). This was an especially hard depression as well, so the newly created Fed expanded monetary supply to accomodate those unemployed men (no welfare, just workfare then). People on Wall St used this expansive monetary policy to speculate. Small cyclical downturn in 1929 turned into speculative panic and the Stock Market crash. The cabal, seeing their earlier mistakes, used this as a means to bankrupt the US Corporation (1933) and promote their socialist agenda to control the population (welfare, social 'security') and to reform Europe into a more socialist State with a bigger World War (easier to control as we see today).
I will say this...just as in 1920 we had a severe but short Depression followed by prosperity followed by a very long Depression, so are we in the US coming up on a rather long Depression to force us into the Euro-styled socialism. Its happening now...best prepare.

You obviously understand how the whole thing works (or how it's supposed to, anyway) but you seem to be discounting the factor of deranged individuals systemically fucking the general population over not just for short term profit but also because they're luciferian depopulationists.

tldr I believe you're not taking into account bad actors in how you present the whole thing.

Jooooooos

What is the alternative? Crypto? This giant speculation bubble that threatens the whole thing... people skimming off of the system for their own profit while claiming to support it. Big people .... little people... the bad actor isn't a specific list of people you could just take out and make the whole thing all happy and wonderful. It's human nature. Or rather animal nature. Absent of a natural predator and with all the necessities of life taken care of a clever hand can make a dog useless and fat. Or it can teach dogs to kill each other mindlessly. There is only one way out of this rat maze.

People have a tendency to store their money and accumulate wealth decreasing liquidity. Sellers have a tendency to not drop prices with decreased demand.

Imagine if you had to buy your groceries everyday in bitcoin. How long would it last before the whole economy implodes?
I'm here just to ride the meme bubble.

as a side note, if someone already earned 1 bc before, and did not sell it a few weeks ago (when it was high), is that a good or a bad decision?

Unironically jewish bankers

black people were in a bubble

This

federal reserve credit expansion, margin buying, fractional reserve banking

ANd how did all of it get fixed in the end?

being depressed is not great, asshole
I think bitcoin is really good

youtube.com/watch?v=PHe0bXAIuk0

The entire banking system pulled a tether

>open borders
Fuck off you kike.

Wow not one correct explanation yet.

The federal reserve contracted the money supply when they, due to their own actions, should have been doing something akin to QE.

QE is not the saviour of troubled markets. It is the last action a central bank can resort to due to the way they distort prices and interest rates across many markets.

SAD!

ID hoax? What did kek mean by that?