cross-posted from: https://lemmy.ca/post/54239937
During the Great Depression, when banks foreclosed on farms, neighbors often showed up at the auctions together.
They’d bid only a few cents, and return the land to the family that lost it. Sometimes a noose hung nearby as a warning to outsiders not to profit from someone else’s ruin.
It was rough, but it worked, communities protected each other when the system wouldn’t.
If a collapse like that happened today, do you think people would still stand together or has that kind of solidarity disappeared? Could it happen again?
Not really, the great depression in capital letters was almost 100% in the US.
The rest of the world had a recession, a bit tougher than normal but nothing near what happen in the US
You are forgetting the collapse of the Weimar Republic and the rise of the Nazis.
https://www.britannica.com/event/Great-Depression
Their currency collapsed to the point, where a wheelbarrow of cash could not buy a bread.
I would say that is pretty significant.
The US Great Depression directly lead to hyperinflation in Weimar Germany which lead to the rise of National Socialism.