Article 71DNH The Great Depression of 1929 Explained With Bananas

The Great Depression of 1929 Explained With Bananas

by
Lori Dorn
from Laughing Squid on (#71DNH)

The very aptly named Primate Economics explained the very specific set of circumstances that led up to the devastating effects of the Great Depression of 1929, using monkeys" and bananas in place of people and dollars.

The year is 1929. Banana market at all-time high. ...The monkey president tells nation: We in America today are nearer to the final triumph over poverty than ever before in the history of any land. Then one day later, bananas go to zero.12 million monkeys unemployed. Monkey factories shut down. World economic collapse.

Banana-Market.jpg?w=1130

Primate Economics also explained tariffs in a similar manner, as theSmoot-Hawley Tariff Actcontributed to the deteriorating economic environment of the Great Depression.

subscribe to the Laughing Squid Newsletter

The post The Great Depression of 1929 Explained With Bananas was originally published on Laughing Squid.

External Content
Source RSS or Atom Feed
Feed Location http://laughingsquid.com/feed/
Feed Title Laughing Squid
Feed Link https://laughingsquid.com/
Reply 0 comments