The Economic Dark Age

The Economic Dark Age is a term used to refer to the worldwide decade long economic turmoil starting in 1937. However, it may be more commonly invoked when describing the second phase of the crisis starting in 1941.

Beginning with the crash of the Berlin Stock Market on the 3rd of February 1936 the crisis is still ongoing in 1950, though it affects various parts of the world to different degrees. Socialist nations, in particular, have been notably free of this turmoil. Meanwhile, free-market economies are continually ravaged by a lack of international trade and a variety of other factors.

## Context

The so called "Great Depression" that began in North America following the British and French Revolutions would come to encompass a worldwide scope in 1936. "Black Monday" in Berlin would herald this expansion. As the Berlin Stock Market came crashing down, so to did all nations economically tied to the imperial hegemon. This amounted to most of the planet.

At this point, the crisis was still regarded as salvageable by most. It was a depression, yes, but to use the words "Dark Age" would have seemed quite hyperbolic. The wars and revolutions to come would change that, and though the situation was overshadowed by the Second World War by 1941 the term "Dark Age" began to be used alongside more hopeless sentiments.

## Early Years

started from 1941, and intensified to its maximum damage and a total collapse in 1946

with the Socialist Republic in America nationalised the banking system and the collapse of the German empire broken the european and international trade

nationalisation began world wide in respond to save the fleeing remnants

this is also a great turning point for many country to begin establishing diplomatic and economic relation with the Pact and break down the total isolationism that the pact enjoyed since 1919 when the French revolutionary government cancelled all war debts and payment and suffered a 30 years long economic blockcade

in West America is led to a problematic situation with the majority of private corporations bankrupt

unable to bailout, the Government has mostly nationalised them at cheap price

in the post-war years of America, this led to a strange situation in that both captalist west and socialist east enjoy a large nationalised sector, this gave rise to the American nationalists political faction in the west, the people who was chiefly responsible for the nationalisation and work relief policies

California itself was not too damaged by the crash despite being in America, as its undeveloped nature before the war saved from the crash and helped it rebuild

but regardless, the golden valley is developing fast, but by no mean at the level of the former US that was gone

meanwhile in the East, the loss of the Federal Reserve to the hand of the anti-socialists led to a situation where the PRG is unable to maintain functional trade, with no backing the Chicago dollar is worthless internationally and domestically they have been opted for labour vouchers and rationing

however, these are also a great time despite a terrible temporary economic disruption for some nations

especially those indebted to Germany, like Russia, China and a few number of south american countries

the Reichsbank was captured by the socialist while the collapse of the Reich itself made its creditors unable to function

and thus functionally erased their debts

## Effects

### The Marseille Pact

None significant economic disruption is observed in the Pact nations, owning the closed off economy of the Trois-Nations system.

### Sweden

One of the most devastated country by the economic crisis, the export-oriented country ground to completely half of industry 3 weeks after the Reichbank reserve is destroyed. The Prussian Monarchy refused payments to the all Swedish goods, invoking the war situation. The Swedish economy, itself only starting to recover by extending mass trade with Germany after the 1937 crash fell apart.

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