Most historians say the Second Great Depression began when the American government stopped paying on the national debt to China and a few other nations. That is not entirely truthful. You can chart the economic trends for decades before, but governments and banks papered over the cracks as each crisis came and went. Instead of accepting small corrections that would have been relatively painless, they attempted to move the goalposts further and further out. The stock markets hit record highs every decade, wages increased, and more powerful computers came out every year. Life was good. The day most people say the Second Great Depression began was simply the day the bubble finally burst. It was the day the experiment of a united humanity finally came crashing down for all to see.