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   𝚃𝚊𝚛𝚊𝚜 𝙶𝚛𝚎𝚜𝚌𝚘𝚎 🚇 (straphanger@urbanists.social)'s status on Saturday, 09-May-2026 13:05:20 JST 𝚃𝚊𝚛𝚊𝚜 𝙶𝚛𝚎𝚜𝚌𝚘𝚎 🚇

   in reply to

   “Schwarzer Freitag” began when European investors realized US prosperity was a mirage.

   After Civil War, robber barons, whose railroads were the engine of economic growth, raced to lay tracks. But they built railroads to nowhere, duplicated existing services, and exaggerated revenues...

   • Embed this notice
     𝚃𝚊𝚛𝚊𝚜 𝙶𝚛𝚎𝚜𝚌𝚘𝚎 🚇 (straphanger@urbanists.social)'s status on Saturday, 09-May-2026 13:05:22 JST 𝚃𝚊𝚛𝚊𝚜 𝙶𝚛𝚎𝚜𝚌𝚘𝚎 🚇

     Those who don’t know the past are doomed to repeat it.

     Case in point: Friday, May 9, aka Black Friday.

     On that day, in 1873, everything in the world changed.

     It started at the #Vienna stock exchange, but soon spread to Berlin, Paris, + London.

     It provoked first “Great Depression” in the US…

     🧵

     Paul Cantrell repeated this.