The Second Great Depression
The Second Great Depression’s opening months were pretty easy in most ways. There was no stock market crash for people to point at and say that’s the day everything changed. The American government simply announced that it was going to stop payments on Chinese debts. That was big news in the financial markets, and those people still interested in politics knew all about it, but most people didn’t care about any of that. Nobody lost their homes. No businesses shut down that day. No banks failed. It was a pretty normal Friday afternoon followed by a weekend of spending time with family and returning to work on Monday after some new scandal hit the networks. It was an underwhelming start to a global economic crisis that changed the world.
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