The economic collapse of the 1930s, also known as the Great Depression, was one of the most devastating financial crises in modern history. It began in the United States with the stock market crash of 1929 and quickly spread to other countries. The Great Depression had a profound impact on the global economy, leading to widespread unemployment, poverty, and social unrest.
There are many reasons why more people did not foresee the economic collapse of the 1930s. One reason is that the economy had been growing rapidly in the 1920s, and many people believed that this growth would continue indefinitely. Another reason is that the financial system was not well-regulated, and there were a number of risky practices that contributed to the collapse.
