The short videos I watched are from ancient times, and the ancients broke the defense

After Roosevelt came to power.

How would he solve the nation's Great Depression?

【Amid overwhelming cheers, Roosevelt became the 32nd President of the United States.】

【From this day on, a man who cannot walk will lead a paralyzed country.】

【America is undoubtedly at its darkest moment at this time】

【The Great Depression is raging across the country. More than 5,000 banks have failed, 86,000 businesses have shut down, the gross national product has plummeted by half, and 100,000 people are losing their jobs every week.......】

【And these days have lasted for three full years】

【People despair that the Great Depression may never end】

【A friend said to Roosevelt, if you succeed, you will be the greatest president of the United States.】

【And Roosevelt's reply was: If I fail, I will be the last president of the United States.】

【To solve this economic crisis, Roosevelt first had to figure out what the source of the crisis was. 】

Although he has not yet specified what Roosevelt’s bailout policy will be.

But from this passage.

Everyone felt Roosevelt's determination

"If I fail, I will be the last President of the United States."

This is a kind of courage to risk everything.

As for Roosevelt's first action, everyone feels that it is more correct. After all, only by tracing back to the source and finding the origin of the disaster can we prescribe the right medicine and introduce truly useful measures.

Then...

What is the source of this Great Depression?

【The 20-year world war was the starting point of all this】

【The First World War caused serious disasters to the world, but it also greatly promoted the development of science and technology.】

【After the end of World War I, many emerging technologies entered the civilian field and promoted the development of industries such as automobiles, petroleum, electricity, and daily chemicals.】

【A large number of demobilized American soldiers have provided sufficient labor for industrial development.】

【In addition, the United States was not devastated by the wars of World War I, and American companies have unique trade advantages in the international market.】

【Thus, a prosperous era of barbaric growth was born.】

【Skyscrapers are rising from the ground, and highways are winding forward.】

【America's urban population exceeds rural population for first time】

【Cars and radios have entered ordinary people's homes, and electricity and running water have been widely supplied.】

【Between 1922 and 19275, the average annual economic growth rate reached 7%, the highest peacetime level in the history of the United States.】

【Unprecedented economic prosperity has allowed consumer culture and optimism to flourish. 】

The perspective is pulled back to 20 years ago.

And the same.

The picture in the sky screen also changed accordingly.

The black and white colors of the Great Depression were gone.

Instead, the whole country is prospering.

New roads were built.

New buildings went up.

More and more families own private cars.

Every city is brightly lit.

If you don't know the specific year.

The ancients may not have much reaction.

After all, they have all seen scenes from later generations that are more prosperous than this. but!

This is after the end of World War I!

Converted to China's timeline.

This is when the last feudal dynasty collapsed!

"It’s hard to imagine that this happened at the same time as our Qing Dynasty in China?"

"That's outrageous! At that time, our country was in a period of broken mountains and rivers, and the lives of our Chinese people at that time were......It should be no different compared to now, right? And the United States across the way is already living this kind of modern life?"

"Is this the same world?"

"The most powerful country that cannot survive future generations is still the United States. They developed much earlier than us!"

"The demon mistook me, China!!!"

The ancients were shocked

【Amidst this prosperity, few people notice the hidden crisis behind the times.】

【The government only saw a significant increase in productivity, but ignored the lack of people’s purchasing power.】

【From 1919 to 1927, factory labor productivity increased by 53%, but workers’ wages barely increased.】

【A large amount of profits have been grabbed by capitalists, and the gap between the rich and the poor has become increasingly wide. Eventually, purchasing power cannot keep up with the production of goods, but people do not think there is any problem with this.】

【A popular saying at the time was: A good salesperson can sell anything.】

【In order to stimulate public consumption and out of optimism about the economic prospects, banks relaxed loan restrictions, and installment payments became popular for a while.】

【People base their payments on their current income, including salary income and investment income.】

【When they put up their houses and cars as collateral, they never imagined that one day they might lose all their money on investments and lose their jobs.】

【Easy loans and concentrated capital have prompted a large amount of money to flow into the stock market, and stock prices have continued to rise, attracting more and more people to join it.】

【Under the blindly optimistic investment sentiment, truck drivers, housewives and even students who are still studying have become patrons of the stock market.】

【The propaganda they receive is that you can make money by buying stocks, buy early and make early, and if you don’t buy, others will make money.】

【During this period, almost any stock rose several times or even dozens of times. What supported the stock price was not the normal development of the company, but crazy speculation.】

【Many behaviors that are considered illegal today were not subject to any supervision at that time. Company shareholders could buy and sell their own company's stocks at will, and join forces with other shareholders to manipulate the stock price.】

【Instead of reminding customers that the market is risky, stockbrokers promote every stock as the most profitable business in the world.】

【Investors know nothing about the companies they invest in, they just buy them blindly and wait for the appreciation in value】

【The stock market has fallen into a complete frenzy. Many people are sure that the stock price will keep rising. Those who start borrowing money are more daring to speculate in the stock market. The leverage ratio is often as high as 10 times or even 20 times.】

【And more and more companies have also discovered that instead of developing industries, it is better to use their money to speculate in stocks, so the entire economic system has further shifted from reality to virtual reality.】

【In this process, the American government did not reduce the bubble, but instead became superstitious about market performance.】

【As a result, the bubble grew bigger and bigger, and the economy completely lost the possibility of a soft landing. The entire American economic system became a house of cards, which would collapse at the slightest disturbance. 】

Case solved!

Why would such a huge country be brought about to collapse by a small stock market?

It turns out that the whole country has gone crazy!

When I saw this introduction about the causes of the Great Depression.

The ancients finally solved the puzzle.

The Tang Dynasty plane.

Li Er had a look of surprise on his face

"I see."

"I see"

"So this is the cause of the Great Depression?"

Li Er suddenly realized.

Although he has never been exposed to the stock market, it is not difficult for him to understand the operating rules through what he just said.

People invest a lot of money into invisible virtual goods.

They even do not hesitate to put pressure on themselves. car, house, job.....

This is equivalent to gambling all your wealth and life.

And once the bet is lost.

Doesn’t that mean that the whole country is full of bankrupt refugees?

"But this is really amazing"

"It's all in such a state of ruin."

"The United States has not yet turned into a refugee crisis. It has managed to survive for three full years."

"Could it be that people there don’t know what rebellion is?"

Li Er couldn't help but cursed in his heart. If this happened in China, if all the people in the country were bankrupt,

I'm afraid the king's flag would change on the city wall, and the dog's brain would be blown out!

To say something that goes against his heart - what he often said about the people Just like water, water can carry a boat or capsize it. Isn't it because you are worried that the people will not have enough to eat and the whole country will rebel?

The Ming Dynasty.

When you see that the people in the country are so crazy.

Lao Zhu is even more determined that pursuing profit can turn people's hearts evil. that theory

"Businessmen run the country, this is the end"

"The people of the whole country are so crazy that they are pursuing profits at the expense of their wealth and lives, even at the expense of borrowing money. How can such a crazy country avoid chaos?"

Lao Zhu despises the United States.

The people are so crazy.

Instead of stopping the persuasion, they, the herdsmen, allow it to develop.

They even contribute to the flames behind the scenes.

This is the evil result of laissez-faire!

On the side.

Zhu Biao heard it.

I don’t agree with this statement.

Admittedly, this is indeed related to the government’s inaction.

But in that situation, the country is changing with each passing day.

People’s lives are getting better day by day.

Who will believe that one day the market will Will there be a thunderstorm?

As for the theory that pursuing profit will harm the country ?......

That's even more nonsense.

"Father, let's look at this sky and learn how to strengthen a country. Isn't the purpose also to pursue profit?"

Of course.

Zhu Biao only dared to say this kind of thing in his heart.

He never dared to say it out loud.......(To read exciting novels, go to Feilu Novel Network!)

【On Black Thursday, the bubble swelled to its limit and finally burst.】

【Maybe only a few dozen people sold their stocks at first】

【However, this panic spread rapidly as the stock price fell, and was continuously amplified by the leverage effect, eventually affecting the entire stock market.】

【People are rushing to escape from the stock market, stock prices are plummeting, and some stocks cannot be sold at any price.】

【In just a few days, many investors lost all their property and incurred astronomical debts.】

【But all this is just the beginning】

【People who don’t trade in stocks are glad that they don’t put their money in the stock market, but in the bank.】

【But when he walked into the bank, he was disappointed to find that the bank lent his money to stock traders, and now the bank cannot collect the loan and has gone bankrupt.】

【As long as one bank fails, panic will spread throughout society.】

【People no longer trust any bank and just want to withdraw their money quickly】

【The failure of one bank during a run will make the run on the next bank even more serious, and ultimately no bank can escape.】

【First they lost their principal in the stock market and then their deposits in the bank. Everyone had to tighten their belts to live their lives.】

【As a result, the already low purchasing power further declined, and the problem of overproduction also broke out.】

【American Steel sold only 19.1% of its production capacity in a year, American Locomotive's annual sales plummeted from 600 units to one, and the average flight vacancy rate exceeded 50%......】

【Products in all walks of life cannot be sold even at cost price, and the only way to avoid bankruptcy is through layoffs.】[]

【However, the increase in the number of unemployed people has further reduced people’s purchasing power, creating a vicious cycle.......Eventually all businesses collapsed. 】

The importance of economy to a country.

It is most vividly reflected at this moment.

Most ancient people didn't have much idea about the economy.

Billions of people spend their entire lives.

It's just a matter of tending a few acres of fields to make ends meet.

What's more?

There is a small surplus of food.

It's already a day that couldn't be more satisfying. to be honest.

Many people do not have a lot of opportunities to spend their spare money.

Therefore, there is no chance to get in touch with the laws of economic operation.

So now we see the collapse of the stock market.

All walks of life across the country have been affected.

Even more shocked!

As the saying goes, no eggs are left unfinished when the nest is overturned.

Just so.

Da Qin plane.

Ying Zheng almost had a similar expression at this time. now.

In the grand vision of the economic crisis of later generations.

There is no gap between the emperor and the people.

Whether they are princes, generals, or traffickers.

At this moment, they only have the same label - the ancients [unseen version]]

"I didn’t expect the power of the stock market......So tyrannical!"

Ying Zheng couldn't help but gasp!

It turned out that when he first saw the concept of the stock market, he was still wondering what a good thing it was.

It could actually make people in later generations flock to it so much. What? The stock market

?

The emergence of thoughts is accompanied by crisis.

The sky has been talking about crisis just now.

Talking about the national depression he brought about.

Why does Ying Zheng still think he is a good person?

What a joke, who is Brother Zheng?

How can we be afraid?

So his idea is simple.

Since it can be popular all over the country.

This stock market must be good! Effective!

The reason why future generations can be made miserable by the stock market.

That's their lack of ability.

Can't play!

If you let me come.

This will never happen!

This was what Ying Zheng had just thought.

But at this time.

He no longer dares to think so

"stock market......I remember, my Great Qin will never allow such terrifying evil things to appear in the future!"

Ying Zheng quietly reminded himself in his heart.

And just thinking like this, he couldn't help but reflect on it.

"It seems that the various artifact systems of later generations mentioned by Tianmu are not all good."

"Just copy and copy......The risk is extremely high!"

Ying Zheng reminded himself +1~~~

Dahan plane.

Liu Che saw this scene.

Zhao was also completely confused!

The stock market crashed.

The money invested by ordinary people has depreciated or even been locked up!

After losing money, go to the bank to withdraw your deposit.

But he found that his savings were also lent by the bank to stock traders.

And people who speculate in stocks lose everything, and they don’t even get their money back.

So the bank ran out of money!

One spreads to ten, and ten spreads to a hundred.

Everyone rushes.

Bank failure.

So even those who didn’t trade in stocks had no money!

The whole country is poor.

The goods from the factory cannot be sold.

Capacity demand shrinks.

So there were layoffs.

Those who did not stock stocks and had no savings lost their jobs, and therefore no money!

Layer upon layer.

Stacks upon stacks. finally.

National depression!

"Horrible, simply terrible!"

"This is simply a sign of national subjugation! Liu

Che silently thought in his mind - this is a high-end game!

To be fair, if he were faced with this situation, he would not know how to deal with it!

"Could Roosevelt solve this dilemma?"

Thinking of the comments about Roosevelt in the video title.

Liu Che was curious.

How did he clean up this mess?

When he saw that the United States in the future was in such a desperate situation.

People with insight all felt the thorny situation..

They were also curious about what Roosevelt did.

How he brought the United States ashore.

"This is almost a dead end, and the chance of national subjugation is 99%!"

"No wonder Roosevelt said that if he could not solve the economic crisis, he would be the last president of the United States.......Indeed!"

"It’s hard to imagine that he dared to become president under such circumstances. What a courageous person! What a fierce man!"

"Judging from the video, he indeed led the United States through this crisis."

"How did he do it?"

How did Roosevelt do it?

Immediately, the content on the marquee appeared.

And this part of the content.

Later generations had a special name for it - the Hundred Days New Deal!.