From 1929 to 1933, the Great Depression broke out, the most serious global economic recession before World War II. It was not until November 1954 that the Dow Jones Index returned to 380 points before the Wall Street crash!
Different times, different environments, different backgrounds, history may not repeat itself, but history is surprisingly similar:
Before the Great Depression 100 years ago, people also experienced a global plague that lasted for several years - the Spanish flu in 1918. 100 years later, in 2019, the new coronavirus outbreak occurred.
Before the Great Depression 100 years ago, from 1921 to 1929, the Dow Jones Industrial Average rose five times, and European and American stock markets ran wildly like wild horses. Then in October 1929, the stock market crash broke out, and stock prices have been falling like a dam bursting. Will 2021-2029, 100 years later, also be the last carnival of the stock market before the Great Recession? (The 2021 cryptocurrency craze is very similar to the US stock market in 1921).
100 years ago, before the Great Depression, the Rif War broke out in 1922. 100 years later, in 2022, the Russo-Ukrainian War broke out. Today, two major camps have been formed in the world. Will it eventually lead to World War III?
Perhaps, within 10 years, we will truly witness history repeating itself!