It was a wide economic downtown. It was the largest and most important economic depression in modern history and used in the 21st century as a benchmark how far the world’s economy can fall.
The Great Depression originated in the US. Historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday.
Depressions in many countries around the world resulted in extremist political movement gaining strength, many of which were of an extreme right-wing nature. The end depression in the US is associated with the onset of the war economy of WW II, beginning around 1939.
REFERENCES:
The Globalization of World Politics 2nd ed: an introduction to international relations, edited by John Baylis and Steve Smith
Sagan, Scoot D. 1914. Revisited: Allies, Offense, and Instability (1986)
Van Euera, Stephen. The Gulf of the Offensive and the Origin of the first WW. Summer 1984 p. 62
www.greenwood.org
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