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Greatest Economic Recovery In Human History? - EcAS > .The Crash of 1929 (PBS) > .
1929 1/3 - US Economy Crashes Hard - B2W - tgh > .
1929-10-24 Stock Market Crash - Black Thursday - ExHi > .
1929 1/3 - US Economy Crashes Hard - B2W - tgh > .
1929-10-24 Stock Market Crash - Black Thursday - ExHi > .
1932-7-8 Dow Jones falls to lowest point during Great Depression - HiPo > .
The Great Depression | US history lecture - CynHist > .
The Great Depression | US history lecture - CynHist > .
Debt ..
Economic Recessions and Recoveries ..
Recession, Depression ..
In 1709, the UK suffered after The Great Frost. Over one hundred years ago, the aftermath of WW1 led to the Roaring 20s. Particularly in the United States. As the nation’s total wealth doubled, the consumer society became mainstream and mass production really kicked off. Yet that didn’t end well. Wall Street’s main stock market index crashed nearly 90% from September 1929 to June 1932. Unemployment skyrocketed and ultimately led to the Great Depression. The period following WW2 is often called the Golden Age of Capitalism. As global output reached its pre-war level by 1947. Strongly on the back of the US, but even Germany and Japan reached theirs by the mid 50s. In fact, across the world both developed and developing countries experienced growth rates of more than 5% on average well into the 60s. Rates which many would absolutely love to have today. Crucially, it wasn’t just total output or GDP that improved. Expansion included a wide range of metrics, from employment, to debt, to the level of household consumption. And whilst there will always be exceptions, in both countries and metrics, the general picture was one of a strong post war recovery. Then came the 70s Energy Crisis, 1997 Asian Financial Crisis, 2001 Dot Com Bubble, 2008 Great Financial Crisis, and, beginning in 2020, impacts of the COVID-19 pandemic.
In 1709, the UK suffered after The Great Frost. Over one hundred years ago, the aftermath of WW1 led to the Roaring 20s. Particularly in the United States. As the nation’s total wealth doubled, the consumer society became mainstream and mass production really kicked off. Yet that didn’t end well. Wall Street’s main stock market index crashed nearly 90% from September 1929 to June 1932. Unemployment skyrocketed and ultimately led to the Great Depression. The period following WW2 is often called the Golden Age of Capitalism. As global output reached its pre-war level by 1947. Strongly on the back of the US, but even Germany and Japan reached theirs by the mid 50s. In fact, across the world both developed and developing countries experienced growth rates of more than 5% on average well into the 60s. Rates which many would absolutely love to have today. Crucially, it wasn’t just total output or GDP that improved. Expansion included a wide range of metrics, from employment, to debt, to the level of household consumption. And whilst there will always be exceptions, in both countries and metrics, the general picture was one of a strong post war recovery. Then came the 70s Energy Crisis, 1997 Asian Financial Crisis, 2001 Dot Com Bubble, 2008 Great Financial Crisis, and, beginning in 2020, impacts of the COVID-19 pandemic.
0:00 Intro to economic recoveries
1:41 The economic impact of 2020
2:31 How have economic forecasts changed
3:37 Why was there such a difference between economic expectations and reality
4:50 The key elements of a recession
7:35 What are the future economic recovery projections
8:43 Altsimplified reflects
1:41 The economic impact of 2020
2:31 How have economic forecasts changed
3:37 Why was there such a difference between economic expectations and reality
4:50 The key elements of a recession
7:35 What are the future economic recovery projections
8:43 Altsimplified reflects
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