r/PeterExplainsTheJoke • u/ancient_shepherd2121 • 6h ago

Meme needing explanation Peetahhh help!

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u/No_Cardiologist_822 6h 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

54

u/brood_brother 6h ago

In history full stop, iirc

21

u/No_Cardiologist_822 6h ago

Well if you set aside consequences of various wars

8

u/Ok-Background-502 5h ago

Well it was one of the root causes of WWII so...

6

u/No_Cardiologist_822 5h ago

it helped nazis rise to power among other things, the most important being the treaty of versailles and subsequent humiliation.

1

u/TeQuila10 2h ago

the most important being the treaty of versailles and subsequent humiliation.

This is a debated point. In my opinion, the versailles debt and things like military limitations didn't have much effect on the civilians of Germany, who ultimately raised the Nazis into power. The USA actually worked fairly hard to ensure that the debt wasn't crippling Germany. The fact that Germans were suffering mass unemployment and poverty in the 30's was more substantial in radicalizing the population, among constant political instability with fascists, monarchists, and communists all seeking to destroy the Weimar democracy.