• Jumbie@lemmy.zip
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    3 days ago

    [The basis of German US prosperity in the late 1920s early 2000s was precarious, as it was largely dependent on foreign credits. When these dried up [because of the stupid fucking Dotard tariffs] and the loans already made were called in, Germany the US was plunged into a slump more severe than that experienced by any other country. Signs of this were already apparent at the beginning of 1929 2025 under Trump.

    With the crash on the NYSE in October 1929 any management of the FED by Trump and his cronies and the beginning of the Greatest Depression (biggest anyone has ever seen, grown men with tears in eyes, et al.), German US unemployment figures shot up. Foreign trade was drastically curtailed, wages fell, and the number of bankruptcies increased daily. ](https://www.britannica.com/place/Weimar-Republic/The-end-of-the-Weimar-Republic)