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The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [ 1 ] The economic contagion began around September 1929 ...
International relations (1919–1939) International relations (1919–1939) covers the main interactions shaping world history in this era, known as the interwar period, with emphasis on diplomacy and economic relations. The coverage here follows the diplomatic history of World War I and precedes the diplomatic history of World War II.
The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations.
The Great Depression in a monetary view. In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply.
The initial economic collapse which resulted in the Great Depression can be divided into two parts: 1929 to mid-1931, and then mid-1931 to 1933. The initial decline lasted from mid-1929 to mid-1931. During this time, most people believed that the decline was merely a bad recession, worse than the recessions that occurred in 1923 and 1927, but ...
t. e. The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 1933, during which it was a constitutional federal republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic.
A democracy is a political system, or a system of decision-making within an institution, organization, or state, in which members have a share of power. [2] Modern democracies are characterized by two capabilities of their citizens that differentiate them fundamentally from earlier forms of government: to intervene in society and have their sovereign (e.g., their representatives) held ...
Macroeconomics. John Maynard Keynes, 1st Baron Keynes[3] CB, FBA (/ keɪnz / KAYNZ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined ...