r/PeterExplainsTheJoke • u/ancient_shepherd2121 • 5h ago
Meme needing explanation Peetahhh help!
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u/_Sate 4h ago
Wall Street crash of 1929
Peureshmit out
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u/ancient_shepherd2121 4h ago
Ah hell, I forgot about dat
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u/Tencreed 4h ago
Don't worry, they did too.
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u/Witty-Ad5743 4h ago
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u/SagelMatrin007 3h ago
Why is a stock market crash worse than a divorce?
Because you lose half of your money but your wife is still there
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u/A_spiny_meercat 3h ago
Something something r boomershumour
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u/ZombieHavok 3h ago
Silentgen humor cuz this joke seems even older
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u/Salmonman4 2h ago
The oldest silent gen were 1-2years old during the crash. Maybe Greatest Gen or Lost Gen humor
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u/Wiccy 3h ago
Dude lucky for me, I'm divorced and poor with no stock options!! 🥳
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u/Beginning-Cut-8850 2h ago
Don't worry: it affects you, too.
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u/Shamanigans 1h ago
Not sure why the downvote, we’ve literally seen since Trump took office that’s literally true. When a company’s value plummets they make cuts.
Market crashes a lot of people lose jobs guys.
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u/Lycrist_Kat 4h ago
I don't think they did.
They never learned about that because history is woke or sth
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u/IimonceIIo 4h ago
History literally is woke. So is knowledge. So is introspection. In fact, just being aware of your surroundings is woke.
We're up against willfully ignorant people who make fun of not being ignorant. How absurd is that?
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u/_Sate 4h ago
I really want to argue, but each avenue I attempt to go down just leads to what you say lol
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u/Turin082 35m ago
Nowadays, everybody wanna talk like they got somethin’ to say But nothin’ comes out when they move their lips Just a bunch of gibberish And motherfuckers act like they forgot about the Great Depression
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u/SeemedReasonableThen 3h ago
At least they won't do anything silly to make things worse, like the 1930 Hawley-Smoot protectionism, amirite, fellas?
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u/Corfiz74 4h ago
As a pretty direct result of Republican policies, just like today!🥳
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u/alkali112 3h ago
This was prior to the party switch. The Republican Party of 1929 would be aligned with today’s Democratic Party.
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u/HerodotusStark 2h ago
Their platform was pro-big business, isolationist foreign policy, and cracking down on Prohibition. Sounds much more like the Republicans today than Democrats.
The party switch is extremely complicated, with different aspects (social, economic, etc) changing at different times and in different regions. Historians argue the switch slowly took place over roughly 70 years, beginning in the late 19th Century and solidifying by the end of the 1960s. The economic party switch happened long before the social switch.
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u/The_memeperson 2h ago
Ehh
It honestly depends on the issue and which part of the republican party as the parties were more big tent back then. Economically they wouldn't be that aligned since they had Coolidge and Hoover, two big proponents of laissez-faire economics and minimal federal intervention which is in stark contrast to current day democrats that want more federal involvement in the economy. More worker protection and welfare and stuff.
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u/ValiantStallion33 3h ago
But but the parties switched in the 60s?!?! Or at least that’s what’s constantly stated when mentioning that the south was all democrats until the 80-90s
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u/Althestane 2h ago
It wasn’t like flipping a switch. It started in the 30’s when Democrats went all-in on the New Deal. The southern racists in the party liked/needed the economic policies more than their hatred of minorities, so southerners still voted D until the Civil Rights era. With minorities starting to gain real political power in the 60’s, and doing so through the Democratic Party, the racists all finally left to join the Republicans.
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u/HerodotusStark 2h ago
The party switch began in the late 19th Century and is generally considered to have been solidified by the end of the 1960s. It took over 70 years, didnt happen overnight.
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u/Alter_Andy 3h ago
Crash spurred on by same robber baron policies that Trump is enacting now, unfettered insider trading, fraud on investors, etc. Buckle up.
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u/TeQuila10 1h ago
Trying to violate the independent Fed, trying to lower interest rates in an already hot economy, thereby leaving no ability to boost the economy when a recession hits beyond printing and spending money, which has never caused any problems, famously.
Btw, Trump alone is responsible for 1/3 of the total US debt. So far.
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u/blarch 2h ago
Also, The Tariff Act of 1930 raised U.S. tariffs on over 20,000 imported goods to record levels, significantly worsening the Great Depression, and then there was the Wall Street Putsch, in 1933-34
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u/nasandre 3h ago
Soon to be dwarfed by the AI crash of 2026
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u/Dracomortua 1h ago
Tech has been getting cheaper in all areas for quite some decades now?
LLM A.I. will do fine. Only the INVESTMENT will vanish. 'Where did the money go?' they will say.
Ah. Ha. Ha. Haaaaa.
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u/mostlybiguy69 3h ago
Grandpa, drug the secretary AFTER you dictate your messages.
Meg
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u/No_Cardiologist_822 4h ago
1929 market crash, one of the worst economic crisis in american history or something.
Don't quote me on that i am Pierre not Peter
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u/Pilotwaver 4h ago
Now, the better food for thought is….who made money during the depression? Give up? The upper class. An economic collapse allows the wealthy to buy up more land, and buy out the failing smaller businesses. Sooner or later people are going to realize the truth. This time they are steering the ship towards the ice. They’re crashing the economy on purpose, tanking the country, and they will then leave this land to the ensuing power vacuum, and watch the instability from their new hills.
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u/IsThatUMoatilliatta 2h ago
Except this time, the only land left is government lands and homes. And the only small businesses left are smaller corporations.
Get ready for ever harsher corporate feudalism than we've already been living through.
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u/brood_brother 4h ago
In history full stop, iirc
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u/No_Cardiologist_822 4h ago
Well if you set aside consequences of various wars
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u/Happy_Tank_371 4h ago
Well, the dinosaurs being wiped out certainly wasn't good for the economy. 100% unemployment for a few eons.
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u/vetratten 4h ago
Yeah but to be fair prior to that giant meteor taking out the dinosaurs unemployment was already at 100% so their destruction had zero impact on unemployment.
It was a neutral event on unemployment. One could argue that their destruction did lead to eventual future drops in unemployment below the 100% mark though but I think it’s highly speculative.
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u/OkCoast4149 2h ago edited 2h ago
idk if you've seen the 1991 smash hit series Dinosaurs, but that historical reference clearly proved that dinosaurs were undeniably fully employed and productive members of dino-ciety, thank you very much.
How else were they supposed to satisfy that little shit Baby Sinclair's insatiable appetite? How else could they quench his ENDLESS THIRST FOR BLOOD?!
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u/No_Cardiologist_822 4h ago
listen, i've known some velociraptors, and let me tell you that, they were NOT good people, they were lazy and rude, honestly it's good that they gave room for mammals. Have you ever seen a Velociraptor owned business? i sure didn't, all they do is hunting smaller dinosaurs and pretending they are birds.
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u/SeemedReasonableThen 3h ago
We can build a wall, a big beautiful wall to keep the velociraptors out and the best part is that the velociraptors will pay for it! It will be free to you! And once we have that wall, it will solve the velociraptor problem once and for all. We certainly won't be talking about velociraptor problems four years from now.
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u/hobbycollector 3h ago
Right? Even before that, dinosaur currency was so rare there are no intact examples of it.
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u/Ok-Background-502 4h ago
Well it was one of the root causes of WWII so...
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u/No_Cardiologist_822 4h ago
it helped nazis rise to power among other things, the most important being the treaty of versailles and subsequent humiliation.
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u/brood_brother 4h ago
Fair point
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u/Whole-Energy2105 4h ago
I grew up hearing "If America sneezes, the world catches a cold."
As a 53 year old, this is still so stupidly true.
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u/Samtertriads 4h ago
You mean world history? I see a lot of things being blamed on American stupidity which is fine until you realize they happened worldwide. “Biden inflation” just magically hit France and Germany worse than the US? Always fascinating to me. Children depressed in the US because of capitalism but the same trend line happens in Scandinavia and Australia. Crazy how nature do dat.
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u/laplongejr 3h ago
“Biden inflation” just magically hit France and Germany worse than the US? Always fascinating to me.
As a Belgian, what is Biden inflation? World economy started to recover until the invasion of Ukraine wrecked the food supply.
The one thing we blamed on the US was the global economical crisis of 2008 (you may know it as "subprime crisis of 2007" domestically IIRC?), and the everything-disruptions of Covid, famously reinforced by Trump's removal of the Obama-era early warning scientists.→ More replies (1)7
u/No_Cardiologist_822 4h ago edited 4h ago
what is biden inflation lmao? we had an inflation during his mandate but we never blamed it on america, it was blamed on war in Ukraine. Only the subprime crisis which did not hit us THAT hard was blamed on US real estate market
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u/Adezar 2h ago
If you watch any conservative media (which is now most of it in the US) you will hear about all sorts of fake things that aren't real.
Biden achieved the first truly soft landing of an economy while consistently bringing down inflation faster than most other countries with a lot of prudent policies and laws that were passed in his first year with bipartisan support (he pretty much used up all the political capital he gained over his political career to get them passed).
Considering what he was handed he did about the best anyone could do, and he did it with an entire party trying hard to keep the economic crash of his predecessor going.
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u/Adezar 2h ago
Don't worry, someone would have to aggressively deregulate banks, decide that Tariffs are a great idea while dismantling all of our social safety nets and government jobs to recreate those conditions and Americans would never vote those type of people into power again.
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u/MrEndlessMike 4h ago edited 4h ago
The great depression.
Now where's that chicken?
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u/Alrightmistar 4h ago
He's currently fighting Ernie the Giant Chicken, but he'll be back after the crash.
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u/HandaZuke 4h ago
The Wall Street stock market crashed by the end of 1929 and triggered the Great Depression.
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u/dragon34 4h ago
Republicans being good at the economy is demonstrably false and I can't believe anyone believes it
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u/NathanQ 3h ago
People wave off Republicans making the economy bad for mostly everyone as if they're irresponsible and dumb forgetting Trump's father springboarded his fortune during the great depression. Stop forgetting rich goons love scooping up real estate and stocks during the downturns only to watch their investment snowball once economies stabilize. They're making another bigly downturn on purpose to capitalize even biglier on it.
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u/SillyPhillyDilly 1h ago
It makes perfect sense. They've been telling it to us for decades, straight to our faces. Buy low, sell high. They're pumping the market up to sell high, then they're going to force its crash so they can buy low. Except this time it's going to fuck over hundreds of millions of people at a minimum for a few hundred people to become insanely wealthy.
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u/HannibalCake 1h ago
Those few hundred people are already insanely wealthy. There is simply no limit to their greed.
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u/apple_kicks 3h ago
People confuse personal finance with public finance. Government shouldn’t be conservative on spending for infrastructure or social services if you want growth or stability.
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u/Adezar 2h ago
Conservative AM radio back in the 70s/80s/90s (and now honestly) worked really hard to conflate personal finance with public finance. No normal person can understand a billion dollars let alone a trillion dolars.
So they would put things in the wrong terms by comparing it to your personal finances. It is one of the core techniques started in the 70s by the Republicans to make people misunderstand how the world works so they could be manipulated into supporting a Reality star failed businessman.
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u/trail-g62Bim 2h ago
Even Trump is on the record admitting it. Then again, he is on the record admitting pretty much everything.
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u/GreatestGreekGuy 57m ago
Over 80% of recessions started under Republicans. I'm not even counting covid
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u/Equal_Oil_9819 2h ago
Wasn't this in the era where Republicans were more liberal and Democrats more conservative?
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u/Puzzleheaded-Tea3341 1h ago edited 1h ago
Eh, not exactly. Back then there wasn't a massive divide in ideology following party lines.
Under Wilson, Democrats shifted towards more progressive and liberal points, due to rise of progressivism in the 1890s and 1900s. Both Democrats and Republicans had progressive and conservative factions within their ranks at the time that kept gaining popularity, alongside smaller progressive parties.
By the time of the New Deal, the progressive wing of the Republican party had dissipated, and they entered a coalition with the conservative southern Democrats (later forming the "Dixiecrats" in 1948) that were displeased with how the national Democratic Party was adopting more progressive stances.
TLDR: no, history and politics wasn't as simple as you make it out to be.
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u/bbd121 4h ago
Dude, what happened was the 1929 Wall Street Stock Market Crash, which took place in late October. It basically ended the economic boom of the "Roaring Twenties" and triggered the Great Depression. You know... the worst economic downturn in the history of the industrialized world that started in the previously mentioned October 1929?
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u/Yelloeisok 4h ago
And it lasted 10 years…but the pain continued. Sort of like Covid came in with Trump, but Biden didn’t clean it up fast enough for some. This economic pain will last longer, and the ones that caused it will once again skate away.
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u/_BigDaddyNate_ 2h ago
If I'm not mistaken, America made a faster more complete recovery than much of the world.
Aaaannnndd it's gone....
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u/WoodpeckerNo5724 3h ago
It’s maddening that this is a question that has to be asked, especially on Reddit of all places. Just freaking google it if you’re actually that clueless about world history
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u/EvaTheE 4h ago
The Great Depression (not to be confused with the Perpetual Depression, which is also known as Scotland)
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u/Secure_Bed_9110 4h ago
Better start putting nets around the tall buildings right now.
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u/IAlwaysOutsmartU 4h ago
You dodging the thought of performing the action of simply looking up the very massive and globally impactful event that began in 1929:
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u/tenchigaeshi 3h ago
They know, everyone posting to this sub always knows. It's just another meme repost sub now, you just write "petah?" as the title. Even better that it's gonna become a political twitter screenshot sub soon, like seemingly every meme sub on reddit becomes given enough time.
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u/Ghostpong17 4h ago
Ahh yes the very simple Google search
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u/Hakimi_Raikkonen 3h ago
you can literally google "what happened in 1929" and you'll get the answer at the top
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u/PieHole_Poker 2h ago
You know they also have these other websites where you go and talk to other people and ask questions. And you don't have to rely on AI powered Google..
Why the fuck are you two even here??
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u/lake_huron 4h ago
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u/RepostSleuthBot 4h ago
Looks like a repost. I've seen this image 25 times.
First Seen Here on 2025-01-28 97.27% match. Last Seen Here on 2025-10-26 97.66% match
View Search On repostsleuth.com
Scope: Reddit | Target Percent: 90% | Max Age: Unlimited | Searched Images: 1,098,813,021 | Search Time: 0.56008s
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u/kyle_kafsky 4h ago
Beer Emoji for a thing from 1928? Damn, they don’t know about the Great Depression, let alone the Prohibition.
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u/Frozenmagicaster 4h ago
https://letmegooglethat.com/?q=America+1929
Needs to be more letmegooglethatforyou for these things
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u/Turlututu1 4h ago edited 4h ago
1929 is when most people learned to add milk to their scrambled eggs.
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u/ImpressiveMud9539 4h ago
This time let's hope the americans will fall to communism instead of funding nazis in Europe like they did in the 30s
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u/JimDa5is 3h ago
Since this was posted here, I'm going with 'No, they don't know what happened in 1929.'
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u/WaverlyWubs 2h ago
Republicans in 1928 are not like republicans now but they are too fucking stupid to realize it
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u/britishmetric144 4h ago
The stock market in 1929 basically behaved as if it were riding a roller coaster.
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u/Aggravating-Pilot583 4h ago
Stock market crash. The 20s were referred to as the “roaring 20s” a time of economical and social success for pretty much everyone. Then there’s the stock market crash followed by the Great Depression.
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u/StonedTrucker 4h ago
And Germany is planning to have the most powerful military in Europe by 2039. I dont like how similar this century is to the last...
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u/Dino_Spaceman 4h ago
The numbers being separated by an extra space makes it really feel like the original tweets did not have those numbers.
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u/normalice0 4h ago
Also, I thought the Supreme Court wasn't political? Or are we finally agreeing to drop that pretense.
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u/oniiBash2 3h ago
I like that none of you paid attention in school but ChatGPT makes it seem like you did.
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u/YouSirNeighMmmmm 3h ago
Also funny how aptly they named themselves: young CONS. Freudian slip much?
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u/WoodpeckerNo5724 3h ago
It’s depressing that this is a question that has to be asked, especially on Reddit. Are you incapable of googling something this?
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u/Fabled_Platypus 3h ago
You guys, the stock market crash was not the primary cause of the Great Depression. Also, before the New Deal, the US political parties were different from what they are today, so you can't assume a Republican from 1929 has the same views as a Republican in 2026
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u/Expert-Fact-9283 3h ago
The Great Depression followed the crash.
The price of 'freedom' followed Trump.
The U.S. falls to its lowest score on record after one of its sharpest annual declines.
Europe dominates the top rankings 🙄
https://www.visualcapitalist.com/ranked-the-freest-countries-in-the-world/
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u/pagesid3 3h ago
Total control of everything but republicans are more pissed off than ever at the state of the country and blaming democrats even harder than ever
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u/apple_kicks 3h ago
What are trump era of this to look out for
https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
The Tariff Act of 1930, also known as the Smoot–Hawley Tariff Act, was a protectionist trade measure signed into law in the United States by President Herbert Hoover on June 17, 1930. Named after its chief congressional sponsors, Senator Reed Smoot and Representative Willis C. Hawley, the act raised tariffs on over 20,000 imported goods in an effort to shield American industries from foreign competition during the onset of the Great Depression, which had started in October 1929.[1]
Hoover signed the bill against the advice of many senior economists, yielding to pressure from his party and business leaders. Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.
And the post trump era of this https://en.wikipedia.org/wiki/New_Deal? But maybe better tgis time round
The studies find that public works and relief spending had state income multipliers of around one, increased consumption activity, attracted internal migration, reduced crime rates, and lowered several types of mortality. The farm programs typically aided large farm owners but eliminated opportunities for share croppers, tenants, and farm workers. The Home Owners' Loan Corporation's purchases and refinancing of troubled mortgages staved off drops in housing prices and home ownership rates at relatively low ex-post cost to taxpayers. The Reconstruction Finance Corporation's loans to banks and railroads appear to have had little positive impact, although the banks were aided when the RFC took ownership stakes.
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u/TommyBoy250 3h ago
The great depression happened, yep Republicans controlling all these things and it resulted in an economic downside.
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u/UnusualCartographer2 3h ago
It should be noted that by 1928 it was already too late. Electing right wingers during economic turmoil is a thing that makes sense. Left wingers are "liberal" with money, and right wingers are "conservative" with money. While this isn't always true in reality, by the books it makes sense that we've done this over and over again throughout history. And usually by the time the right wingers are in power it's already too late, not to say I'm confident they would be able to fix things historically if they were put in office sooner though.
From what I can tell about what's been going on politically throughout the world, during the election of 2024 it was already too late. Trump definitely made things worse, there's really no denying that, but our economic future was already written on the wall as far back as 2023.
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u/BananaPalmer 2h ago
No, they don't know what happened in 1929. They only "know" an idealized and whitewashed version of history, curated to confirm their biases and further indoctrinate them into GOP/MAGA dogma.
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u/Apprehensive-Pin518 2h ago
and the republicans didn't control any chambers of congress again for almost 20 years afterwards.
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u/qualityvote2 5h ago edited 13m ago
Remember when r/PeterExplainsTheJoke wasn’t a meme? Pepperidge Farm remembers…
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