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The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H. The Great Depression: America in the 1930s. (2009) online; popular history. Wecter, Dixon. The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N.
During the Depression, a piece of cardboard or a new rubber sole may have extended the wear of a pricey pair, and clothes were certainly mended and patched long before they were ever thrown out.
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
Economists first named a period of time the Great Depression in 1893. In 1933 they changed their minds. Throughout modern economic history, the business cycle has experienced an abnormally severe ...
The Great Depression in Australia saw huge levels of unemployment and economic suffering amid plummeting export income. [15] Although the economic downturn was a product of international events, Australian governments grappled with how to respond. Conventional economists said governments should pursue deflationary policies.
It's true that history often repeats itself. And with the precarious financial times of 2022, many have understandably felt there might be a repeat of the Great Depression, the decade from 1929 ...
The Economies of Africa and Asia in the Iinter-war Depression (1989) Davis, Joseph S. The World Between the Wars, 1919–39: An Economist's View (1974) Drinot, Paulo, and Alan Knight, eds. The Great Depression in Latin America (2014) excerpt; Eichengreen, Barry. Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992 ...