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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 ...
Comparisons between the Great Recession and the Great Depression explores the experiences in the United States and the United Kingdom.. On April 17, 2009, head of the IMF Dominique Strauss-Kahn said that there was a chance that certain countries may not implement the proper policies to avoid feedback mechanisms that could eventually turn the recession into a depression.
Examining the causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged.
A map of British India in 1909. The Great Depression in India was a period of economic depression in the Indian subcontinent, then under British colonial rule.Beginning in 1929 in the United States, the Great Depression soon began to spread to countries around the globe.
The Great Depression in France started in about 1931 and lasted through the remainder of the decade. The crisis started in France a bit later than other countries. [ 1 ] The 1920s economy had grown at the very strong rate of 4.43% per year, the 1930s rate fell to only 0.63%. [ 2 ]
An important difference between the Great Depression in the Netherlands and the situation in most other affected countries was the role of the government. Until the late 1930s the Dutch government, headed from 1933 to 1939 by the Anti-Revolutionary statesman Hendrik Colijn , could be described as non-interventionist and strongly internationalist.
"According to Google Trends analysis, six out of the top 10 countries with the highest index score of winter depression also rank in the top 15 Google searches for the term ‘seasonal affective ...
The worldwide Great Depression had a moderate impact on the French economy, which proved resilient. Conditions worsened in 1931 bringing hardships and a more somber mood. Unemployment rose, and hours of work were cut; however the price of food sharply declined, offsetting some of the hardship. [ 12 ]