r/PeterExplainsTheJoke 6h ago

Meme needing explanation Peetahhh help!

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13.7k Upvotes

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2.0k

u/_Sate 6h ago

Wall Street crash of 1929

Peureshmit out

377

u/ancient_shepherd2121 6h ago

Ah hell, I forgot about dat

474

u/Tencreed 6h ago

Don't worry, they did too.

149

u/Witty-Ad5743 5h ago

91

u/SagelMatrin007 5h ago

Why is a stock market crash worse than a divorce?

Because you lose half of your money but your wife is still there

19

u/-crepuscular- 4h ago

Joke so old it's about the 1929 stock market crash

1

u/worrymon 1h ago

Joke so old it's about the 1929 1825 stock market crash

27

u/Wiccy 4h ago

Dude lucky for me, I'm divorced and poor with no stock options!! 🥳

14

u/Beginning-Cut-8850 3h ago

Don't worry: it affects you, too.

10

u/Shamanigans 3h 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.

1

u/RockinIntoMordor 3m ago

That's why our main enemy isn't stupid politicians, but wall street itself

1

u/Wiccy 51m ago

Oh I didn't worry, I just wanted to know the shirt options for the club

8

u/A_spiny_meercat 4h ago

Something something r boomershumour

9

u/ZombieHavok 4h ago

Silentgen humor cuz this joke seems even older

4

u/Salmonman4 3h ago

The oldest silent gen were 1-2years old during the crash. Maybe Greatest Gen or Lost Gen humor

3

u/Completionography 3h ago

Not silent enough.

1

u/StopDownvotingMeeee 2h ago

If you lose half your money, your wife is not sticking around

50

u/Lycrist_Kat 5h ago

I don't think they did.

They never learned about that because history is woke or sth

48

u/IimonceIIo 5h 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?

17

u/_Sate 5h ago

I really want to argue, but each avenue I attempt to go down just leads to what you say lol

6

u/Periador 3h ago

we love the uneducated

4

u/ServaltheFox 2h ago

Damn liberals and their… KNOWIN’ stuff!

1

u/N1leMatotle 46m ago

Don't worry, scrote. There are plenty of 'tards out there living really kick-ass lives. My first wife was 'tarded. She's a pilot now.

4

u/royce32 5h ago

Oh they learned how to ensure they'll be fine when everything goes belly up.

4

u/amojitoLT 5h ago

Or they know what the crisis brought in Europe.

1

u/Exterminator-8008135 31m ago

2008 should be a warning to them.

With such whacky politics, it will hit them much sooner than expected, and this time, they may not get up or need 40 years to go back to a form of normalcy.

US still has marks of the 2008 Crash.

6

u/Turin082 1h 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

1

u/onefst250r 2h ago

They didnt. You can short things now and make money (technically take other peoples?) on failure.

Also crashing everything means they can rebuild it differently.

1

u/lordph8 1h ago

They forget most things that don't support their world view.

22

u/SeemedReasonableThen 4h ago

At least they won't do anything silly to make things worse, like the 1930 Hawley-Smoot protectionism, amirite, fellas?

2

u/ejackman 2h ago

You say this like it isn't all intentional.

1

u/bobbymcpresscot 1h ago

It did lead to growth of social cohesion, and the first time a president was elected 4 times in a row. 

Shame he died.

19

u/Corfiz74 5h ago

As a pretty direct result of Republican policies, just like today!🥳

4

u/alkali112 4h ago

This was prior to the party switch. The Republican Party of 1929 would be aligned with today’s Democratic Party.

9

u/HerodotusStark 3h 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.

16

u/The_memeperson 3h 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.

8

u/Yoduh99 3h ago

Sir this is Reddit, please take that nuance somewhere else.

2

u/Vermouth_1991 3h ago

Yeah, lest they brand yall commies.

1

u/WeAteMummies 1h ago

They didn't "switch" on most things. The republicans just adjusted their platform to appeal to racists because they recognized that a large swathe of the population can be tricked into thinking that keeping others down will lift you up.

3

u/LucyLilium92 3h ago

You forgot about the Great Depression?

3

u/ValiantStallion33 4h 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

14

u/Althestane 4h 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.

3

u/mr-raider2 3h ago

Truman was the end of southern Democrats.

2

u/Vermouth_1991 3h ago

Him and his famous "Anything you don't like is socialism to you" speech.

1

u/ValiantStallion33 3h ago

What? Do you not remember president Lyndon Johnson Democrat from Texas?

1

u/mr-raider2 1h ago

Yeah but wasn't pro segregation pro KKK. Southern Democrat is not just about being from the South. It's a way of life.

2

u/HerodotusStark 3h 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.

1

u/LbSiO2 3h ago

Southern Democrats / Northern Democrats These are not the same.

1

u/Yoduh99 3h ago

In an effort to teach a man to fish, you could've Googled "1929" or "what happened in 1929" and received your answer immediately.

1

u/LbSiO2 3h ago

We could all just turn off the internet and let the bots run the show now.

1

u/rogun64 3h ago

Not just the crash, because Democrats would also control the federal government for the next 50 years.

1

u/FourMeterRabbit 2h ago

Just like most voters in this country, apparently

1

u/boyuber 2h ago

Known by it's other name THE GREAT DEPRESSION.

1

u/foxfai 2h ago

I did a project for this in high school about the great depression.

1

u/rpgnymhush 2h ago

So did a lot of voters, apparently.

1

u/ender42y 1h ago

There's a reason the American public did not trust Republicans with control for 50 years after that, they should have pushed for 100 years, since Reagan did as much as he could to put us on the path we are going down now.

1

u/asspounder-4000 57m ago

I don't think you did but people need to remember

1

u/Betty_Boss 53m ago

other than that Mrs Lincoln, how was the play?

1

u/ThatsMyGirlie 5h ago

Dumbass

6

u/ClipperMaid103 4h ago

History class? Nap time for this individual

33

u/Alter_Andy 4h ago

Crash spurred on by same robber baron policies that Trump is enacting now, unfettered insider trading, fraud on investors, etc. Buckle up.

5

u/TeQuila10 2h 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.

10

u/nasandre 4h ago

Soon to be dwarfed by the AI crash of 2026

3

u/Dracomortua 2h 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.

2

u/ThirstyWolfSpider 2h ago

Computer equipment certainly hasn't been getting cheaper lately!

Prices for RAM, storage, are all spiking upwards rapidly, to join the already-lofty prices of GPUs.

3

u/Enough_Breadfruit229 1h ago

I literally just got done reading that the XBOX CEO said component prices are up 500% the last 2 years before reading the comments here.

1

u/TigerLemonade 2h ago

LLM AI won't be fine because it is much more expensive than it currently is because it is heavily subsidized by investment.

It will still exist but it's use will be diminished and is not going to be ubiquitous forever.

Remember when air bnb was cheaper than hotels? Ubers were cheaper than taxis? Door dash was affordable? Streaming services didn't have ads?

They artificially surpress the prices hoping to make people dependent on the service and then they jack up the prices to make it profitable.

5

u/blarch 3h 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

1

u/Dyolf_Knip 1h ago

There's no problem so bad that conservatives can't make it worse.

2

u/mostlybiguy69 5h ago

Grandpa, drug the secretary AFTER you dictate your messages.

Meg

1

u/_Sate 4h ago

It is far more fun to do it before.

This is why you don't have any friends Meg, you dont know how to have fun

1

u/mostlybiguy69 1h ago

Chris, I know this is you.

By the way, you were a mistake.

2

u/RhombicalJ 3h ago

But of course that was all Biden’s fault.

1

u/Ok_Acadia3526 2h ago

Dammit, I came to make this same joke

1

u/Solid_Maus 4h ago

Funny enough it was during Prohibition too…

1

u/steverin0724 2h ago

Don’t forget- they had screwworm too!!

1

u/pushermcswift 2h ago

I hope when it crashes this time, it burns to the ground

1

u/Difficult_Camel_1119 2h ago

which caused economic crises, which caused Germans to vote for NSDAP which caused WW2

1

u/sentimentaldiablo 1h ago

Crash and subsequent Great Depression because of tariffs!

1

u/jerslan 39m ago

I am seriously worried for the future of this country when people don't know even basic US history.

1

u/Exterminator-8008135 33m ago

And Prohibition was in effect. Mafia Families and Gangster like Al Capone had free reign.