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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 ...
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.
During the Depression, a piece of cardboard or a new rubber sole may have extended the wear of a pricey pair, and clothes were certainly mended and patched long before they were ever thrown out.
The timber market in Finland began to decline in 1929 due to the Great Depression, as well as the Soviet Union's entrance into the market. Financial and political problems culminated in the birth of the fascist Lapua Movement on November 23 in a demonstration in Lapua. The movement's stated aim was Finnish democracy and anti-communism. [27]
This list of interesting facts is the perfect way to learn something new about life. ... especially during The Great Depression, so it was unbanned.
Francis Everett Townsend (/ ˈ t aʊ n z ən d /; January 13, 1867 – September 1, 1960) was an American physician and political activist in California.In 1933, he devised an old-age pension scheme to help alleviate the Great Depression.
We all get bored at some point. One survey found that the average American adult experiences 131 days of boredom per year. And most of it happens at work. Another study revealed that employees are ...
The country survived both World War I and the Great Depression before entering World War II in December 1941. Americans endured great loss and hardship but found hope and encouragement in music. The genres and styles present during this period were Native American music, blues and gospel, jazz, swing, Cajun and Creole music, and country. The ...