Jack of Harts

The Second Great Depression changed everything for America first, and then the rest of the world. We’d all been spending more money than we had, and global debt had skyrocketed long past any ability to pay back. Most people and corporations lived on credit so elastic that paychecks just went to their ever-expanding debts. Saving money was something that most people just didn’t do. So when America crossed the limit of the payments on the debt it could afford to make, everyone suffered. America stopped paying the Chinese, and some other nations. Other allied nations followed America’s example, and the Chinese responded by nationalizing all foreign assets in Chinese territory. Russia stepped back, stating distrust of all foreign trade partners, and the global trading and economic network collapsed in a matter of months. That was the true beginning of the Second Great Depression.