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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 ...
The Great Depression had particularly strong effects on the Black community in the 1920s and 30s, forcing Black women to reckon with their relationship to the U.S. government. Due to the downturned economy, jobs were scarce and Black men were a huge target of the lay-offs, making up a large population of the unemployed during the Depression.
The Great Depression, which followed the Wall Street Crash of 1929, had extreme negative effects on the countries of Latin America. [6] Chile, Peru, and Bolivia were, according to a League of Nations report, the countries that were the worst hit by the Depression. The rise of fascism also became apparent in Latin America in the 1930s because of ...
During the Depression, the British Raj intensified the existing protectionist economic policies. [8] Because the fall in prices had been higher in India compared to the rest of the world, the price of commodities manufactured in India rose dramatically compared to imports from the United Kingdom and other countries around the globe. [8]
The Nazis came to power in the midst of the Great Depression. The unemployment rate at that point in time was close to 30%. [20] At first, the new Nazi government continued the economic policies introduced by the government of Kurt von Schleicher in 1932 to combat the effects of the Depression. [21]
English: The Great Depression in an international perspective. Triangles mark points at which nations suspended gold convertibility and/or devalued their currency against gold. For full explanation and sources see prout The Great Depression in Facts and Figures.
The Great Depression was much less severe than in the United States, primarily because the sharp drop in the cost of food work to the benefit of the working class in the city. Washington provided much of the funding for a large middle-class bureaucracy and for major construction projects.
The gold bloc were seven countries led by France [1] that stuck to the gold standard monetary policy during the Great Depression, even though many other countries abandoned it. In addition to France, the gold bloc included Belgium, Luxembourg, the Netherlands, Italy, Poland, and Switzerland. [2]