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Changes how? I'd say being in WWI was much much worse, no? And yet you still don't hear about a great 1919 depression.
by twelve40 7y ago
Changes how? I'd say being in WWI was much much worse, no? And yet you still don't hear about a great 1919 depression.
- kazen44 7y agodepression of what? The end of world war 1 had an enourmous impact on continental europe, with many nations simply ceasing to exist at the end of the war. Germany for instance, had a state of near constant poltical and economic anarchy during the weimar republic. And the austrian-hungarian empire ceased to exist. Many people seem to forget that world war 1 was suchs a massive shift in terms of the geopolitical landscape that many nations simply had no functioning economy or proper goverment to speak off.
- twelve40 7y agoIf I have to clarify down to the last word, I'm talking about the total implosion of US economy, which is what a lot of people are currently hyping up and clickbaiting on. You don't hear about a great 1919 economic disaster in the USA despite a much more vicious illness and no modern tech (no antibiotics, no concept of a ventilator, etc etc etc). I can't answer for Austria, Hungary, Germany or any other collapsed empires past or present, I don't have any data on that.