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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 ...
Another response to the 1937 deepening of the Great Depression had more tangible results. Ignoring the pleas of the Treasury Department , Roosevelt embarked on an antidote to the depression, reluctantly abandoning his efforts to balance the budget and launching a $5 billion spending program in the spring of 1938 in an effort to increase mass ...
2007–2008 financial crisis, a severe worldwide economic crisis driven by real estate conditions and risky ventures in the U.S.; Great Recession, the marked general economic decline that affected many countries from 2007 to 2009
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) Garraty, John A. Unemployment in History (1978) Garside, William R. Capitalism in Crisis: International Responses to the Great Depression (1993) Haberler ...
Unemployment fell dramatically during Roosevelt's first term. It increased in 1938 ("a depression within a depression") but continually declined after 1938. [208] Total employment during Roosevelt's term expanded by 18.31 million jobs, with an average annual increase in jobs during his administration of 5.3%. [210] [211]
There was only one "R" out of "reduce, reuse, and recycle" during the Depression, when anything you had in your possession could be pressed into duty for a completely different purpose at any time.
The Great Depression marred Hoover's term as the Democratic Party made large gains in the 1930 congressional elections and garnered a landslide win in 1932. Presidency of Franklin D. Roosevelt (1933–1945)
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 ...