The depth of suffering during the Depression years is hard for many of us to imagine today. More than 1 in five children in the city were suffering from malnutrition by 1932, and the Great Depression was only getting going at that point, it lasted seven more years.

So, why did events on Wall Street in 1929 reverberate around the world? Why did the depression last so long, and how did America and the rest of the world eventually dig themselves out of this financial hole?

Patrick's Books:

Statistics For The Trading Floor: https://amzn.to/3eerLA0

Derivatives For The Trading Floor: https://amzn.to/3cjsyPF

Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel

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Additional Reading:

Milton Friedman on The Great Depression: https://amzn.to/4fvMYF6

The Great Depression by Robert S. McElvaine: https://amzn.to/40Szajt

Essays on The Great Depression by Ben Bernanke: https://amzn.to/40Szajt

Keynes letter: https://www.economicsnetwork.ac.uk/archive/keynes_persuasion/The_Economic_Consequences_of_Mr._Churchill.htm

The U.S. Economy in the 1920s: https://eh.net/encyclopedia/the-u-s-economy-in-the-1920s/

Britain In The Great Depression: https://moneyweek.com/economy/uk-economy/602525/britain-didnt-have-a-roaring-20s-it-had-a-roaring-30s-heres-why

Michael Pettis in The FT: https://www.ft.com/content/ec1b730b-0fbf-3a8c-896a-557c06f730cf

The photographers of the Great Depression - Dorothea Lange, Walker Evans, and Arthur Rothstein

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