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.
Wednesday, August 26, 2015
Tuesday, August 25, 2015
Today's picture shows the women of Egypt gathering firewood. By the sparse landscape, one has to wonder how far they had to walk to gather the wood. The challenge of using wood for fuel is that people burn it faster than it can grow back, so such cultures must continuously walk longer and longer distances to gather wood.
Monday, August 24, 2015
This is a picture of the Nile River at flood stage. The picture was taken in 1890's. You can see a village in front of the Pyramids, and villages on camels. While the picture was taken over a hundred years ago, the scene is probably similar to what things looked like thousands of years prior.
Sunday, August 23, 2015
Today's picture is from the late 1800's, and it shows some tourists at the Great Pyramid. The folks are riding camels, and the sphinx can be behind them. What an exciting tour this must have been. Few would have had the resources to visit the pyramids in the 1800's.