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The reverberations of the Great Depression hit Greece in 1932. The Bank of Greece tried to adopt deflationary policies to stave off the crises that were going on in other countries, but these largely failed. For a brief period, the drachma was pegged to the U.S. dollar, but this was unsustainable given the country's large trade deficit and the ...
In fact, the worst period of 1932 – the Great Depression had passed, but the recovery was slow and weak. Roosevelt understood that traditional political and financial policy was not an adequate response to the crisis, and his administration chose to pursue the more radical measures of the New Deal .
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 ...
The Depression meant people had to get creative, making items that most of us would never think to craft ourselves. For instance, there was little money for toys, so kids played with box forts ...
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 ...
The Ford Hunger March, sometimes called the Ford Massacre, was a demonstration on March 7, 1932 in the United States by unemployed auto workers in Detroit, Michigan, which took place during the height of the Great Depression.
July 8 – The Dow Jones Industrial Average reaches its lowest level of the Great Depression, bottoming out at 41.22. July 28 – U.S. President Herbert Hoover orders the U.S. Army to forcibly evict the Bonus Army of World War I veterans gathered in Washington, D.C. Troops disperse the last of the Bonus Army the next day.
Civil Works Administration workers cleaning and painting the gold dome of the Colorado State Capitol (1934).. The Civil Works Administration (CWA) was a short-lived job creation program established by the New Deal during the Great Depression in the United States in order to rapidly create mostly manual-labor jobs for millions of unemployed workers.