Comments by "DrScopeify" (@drscopeify) on "TimeGhost History" channel.

  1. The reason for the Great Depression is very simple and that is a collapse of demand leading to oversupply. When you make more goods then people are able to buy the value of the goods collapses and this was the Great Depression. After the end of WW1 much of industry in Europe was destroyed or repurposed leading to high demand for imports of goods from the USA. However, a few years later and the economies of Europe recovered such as Germany reaching pre WW1 levels in 1926.... Together with stock market speculation, leading to companies feeling rich and leading to even more over supply. The end result was the 1929 panic and some 6 years of US GDP decline with deflation month after month. Today central banks #1 worry is deflation as the opposite inflation is easier for them to control. However, deflation spirals usually only occur for manufacturing hubs such as Japan's lost decade. The future potential is for this to occur in China either due to trade wars or sanctions if China were to invade Taiwan the west would cut trade drastically leading China to an over supply spiral out of contorl.
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