Imagine Losing Everything in 1929… But the Crash Was Only the Beginning

What really caused the Great Depression? Discover the economic history behind the 1929 Wall Street Crash and the hidden forces that turned a market collapse into one of the worst financial disasters in modern history. The stock market crash of 1929 didn't cause the Great Depression alone — the Great Contraction played a far greater role. This documentary explores how the Federal Reserve raised interest rates after Benjamin Strong's death, how America's money supply shrank by 28%, and how nearly 9,000 banks failed between 1929 and 1933. From Black Tuesday's $14 billion market wipeout and the Smoot-Hawley Tariff to the collapse of the Bank of United States and Andrew Mellon's liquidation policy, uncover how a financial crisis spiraled into an economic catastrophe. Explore the economic decisions, banking failures, and monetary policies that transformed a market crash into the Great Depression. 0:00 The Myth of the Single Day Crash 0:47 Two Countries: Farming vs City Life 3:19 When Central Banking Turned Lethal 7:35 The Bitter Medicine of Liquidation #EconomicHistory #GreatDepression #1929Crash