Overview
While the 1929 crash is well-documented, the 1932 market low was significantly more devastating for the average American. Financial conspiracy theorists allege that the "Money Trust"—a group of elite bankers—deliberately withheld liquidity from the market during this period.
The Motive
By allowing thousands of small banks to fail and the stock market to drop by 89% from its peak, the largest Wall Street firms were able to buy up competitors and industrial assets for pennies on the dollar.
Connection to the NWO
This event is frequently cited as a critical step in the "Long Game" of the New World Order to transition the U.S. toward a more centralized, debt-controlled financial system.