Today's picture shows a full blown Bank Run in Germany. The run was started with the declaration of war in 1914. This was the start of World War I. What tough times, bank runs and world war.
Wednesday, September 2, 2015
Today's picture shows the scene outside the New York Stock Exchange as the market crashed in 1929. Can you imagine all these people realizing they were not going to get their money? Live savings evaporated in a day? What turmoil that must have been as this started unfolding.
Tuesday, September 1, 2015
In countries where the currency collapses and runaway inflation occurs, the bank notes become worthless almost as fast as they are printed. The population then becomes creative in what to do with their now worthless money. These children are using their families now worthless Billions in bank notes as building blocks.
Monday, August 31, 2015
We start you off this Monday Morning with a good old fashioned Bank Run. This picture was taken at the start of the Great Depression. The picture shows the run on the American Union Bank in New York City. Bank Runs remain a common site, and presently Greece and Venezuela are front and center, but you never know who might be next.
Sunday, August 30, 2015
Welcome to Financial Collapse Week here at OPOD. We will be looking at pictures throughout history of what happens when currencies and banking systems fail. Today's picture is from 1923, the Weimar Republic in Germany. The economic system collapsed and led to hyperinflation. The prices rose so quickly that the money became worthless almost faster than it was printed. In the picture above, the person is using a stack of $1 Million German Marks as a scratch pad.
Friday, August 28, 2015
Today's picture is from 1880, and is shows the waterfront in Cairo. The interesting thing is that they are crating up an Obelisk, and preparing to ship it to New York. Not sure where this massive stone structure ended up there, but it certainly took some engineering to get it moved.
Thursday, August 27, 2015
Today's picture shows some peasant farmers in Egypt, riding in a donkey cart. The picture was taken around 1930. Donkeys are still widely used in agriculture around the world and even in the US. In West Texas they are no longer a beast of burden but one will be put among a flock of goats or sheep for protection from predators. The donkeys are very social and will adopt the flock and protect them.