To understand how massive the stock market crash of 1929 was and how significantly it impacted the US and the global economy, it would help to first look at a more recent crisis — the Global Financial Crisis of 2008 (also referred to as the Great Recession). Many economies trace back their economic as well as societal problems to the Great Recession of 2008 in the US. Most of the disenchantment in Western European countries with immigration and globalisation — for instance Brexit or the rise of populist and strongman leaders (be it far right or far left) — can…
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