A loan? One loan? Try private loans in excess of all reparations, private loans from every major power. The LoanS were withdrawn because of? 1929 stock market crash. Which was the result of?

The 1929 stock market crash was a severe but not unexpected market correction; the big players (JP Morgan, etc) exited the market in the Spring of 1929 because of unsustainable asset prices. Subsequently, the Depression was caused by the Fed tightening when it should have loosened, and stupid government actions like Smoot-Hawley. I recommend this text:

Not to digress, but I found the most interesting part to be how Lincoln used Wall Street market makers to finance the Civil War.

““failure of or excess of capitalism”.

No. It was a failure of adequate Fed policy followed by incompetent government policy. In short, it was a monetary phenomenon. This is the subject that won Milton Friedman his Nobel Prize:

When Fidel Castro went into the countryside, he found eager recruits. Why?

Hatred of Bautista’s dictatorship and the extreme poverty it caused.

The USSR was very much the result of capitalist excess. Can you tell me how it was not?’

It’s not possible to prove a negative. There was indeed a capitalist component, but the more proximate causes are generally considered to be extreme poverty which existed during the transition from serfdom to an industrial economy, as well as the Tsar’s ineffective but autocratic regime.

What is the purpose of a colonial empire?

Who cares? You’re going pretty far afield here, grasping at straws, it seems.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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