The great depression
The Great Depression, which began in 1929 and lasted through the 1930s, was a severe global economic downturn. It was triggered by the stock market crash of 1929 and led to widespread unemployment, poverty, and a significant decline in economic activity. The crisis highlighted the vulnerabilities of centralized financial systems and the need for more robust regulatory frameworks.
“The root problem with conventional currency is all the trust that’s required to make it work.”