Economics of The World
- In history, it was important for winners to look like good guys, and for the losers to look like bad guys. Both sides of the war were dirty. They made drastic bad mistakes and errors that were costly for people.
- In 1900s, they created another central bank.
- In 1907, they were groups that had power for the World Economy. These guys had a huge financial interest. There was a bank crash.
- Question: Did the bank crash in 1907 actually happened or not? If so, why?
- According to LIFE magazine, they said: "This was an important factor of economy, that allowed them to build banks."
- What caused the great collapse in 1929 that affected Germany and other parts of the World?
- 1914-1919: Money supply doubled
- In early 1920s, there was a hyperinflation. Bankrupts also happened back then.
- Charles Lindbergh was a pilot who flew a plane. He was one of the first to make non-stop transit flight. His son was kidnapped at some point. From 1921 to 1929, there was a 62% increase. The money was a promise to pay by the government.
- The Margin Loan was popular in 1920s. A 24-hour margin call. The shares were being sold on credit.
- More than 16,000 banks collapsed. It stimulated the depression in 1920s.
- What caused the collapse of the Weimar Republic?
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