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The World Economy, Money, and the Great Depression 1919–1939 (1976) Hall, Thomas E. and J. David Ferguson. The Great Depression: An International Disaster of Perverse Economic Policies (1998) Kaiser, David E. Economic Diplomacy and the Origins of the Second World War: Germany, Britain, France and Eastern Europe, 1930–1939 (1980)
Icelandic post-World War I prosperity came to an end with the outbreak of the Great Depression. The Depression hit Iceland hard, as the value of exports plummeted. The total value of Icelandic exports fell from 74 million kronur in 1929 to 48 million in 1932, and was not to rise again to the pre-1930 level until after 1939. [160]
The Great Depression: An Inquiry into the causes, course, and Consequences of the Worldwide Depression of the Nineteen-Thirties, as Seen by Contemporaries and in Light of History (1986) Grossman, Mark. Encyclopedia of the Interwar Years: From 1919 to 1939 (2000). 400 pp. worldwide coverage; Kindleberger, Charles P. The World in Depression, 1929 ...
Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate ...
US annual real GDP from 1910 to 1960, with the years of the Great Depression (1929–1939) highlighted Unemployment rate in the US 1910–60, with the years of the Great Depression (1929–39) highlighted; accurate data begins in 1939, represented by a blue line. The Depression caused major political changes in America.
Had it not passed, the Depression still would have occurred, but perhaps with less severity. It was only during World War II, when "the American economy expanded at an unprecedented rate", [30] that unemployment fell below 1930s levels. [31] Imports during 1929 were only 4.2% of the US GNP, and exports were only 5.0%.
The average rate rose to 35% in 1816. The public agreed, and by 1820, the average rate in the U.S. had risen to 40%. Between 1816 and the end of World War II, the U.S. had one of the highest average import tariffs on manufactured goods in the world.
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...