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The Soviet occupation of Latvia in 1940, which included deportations to Siberian Gulags (June deportation), created a large degradation of Latvian-Russian relations. Nazi Germany then occupied Latvia in 1941 German occupation of Latvia during World War II, until the USSR returned in 1944 to resume occupation, resulting in further deportations.
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 ...
The Elder of State Konstantin Päts took power in Estonia, and shortly afterward Prime Minister Kārlis Ulmanis took power in Latvia. [18] Furthermore, because of the Great Depression, the Baltic states' two leading trading partners, Britain and Germany, limited their imports from the Baltic region. [19]
The Great Depression began in the United States of America and quickly spread worldwide. [42] It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%.
The official position of Russia, which chose in 1991 to be the legal and direct successor of the USSR, [140] is that Estonia, Latvia, and Lithuania joined the Soviet Union freely and of their own accord in 1940, and, with the dissolution of the USSR, these countries became newly created entities in 1991. Russia's stance is based upon the desire ...
The independence of Latvia was diplomatically recognised by the Allied Supreme Council (France, Great Britain, Italy, Japan, Belgium) on January 26, 1921. Other states followed the suit. On 22 September 1921 Latvia was admitted to membership in the League of Nations and remained a member until the formal dissolution of the League in 1946. On 5 ...
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 ...
22 July 1940, The president of Latvia, Kārlis Ulmanis, is arrested and deported to Russia, never returning. He died in a prison in Krasnovodsk on 20 September 1942. 23 July 1940, Heads of Baltic diplomatic missions in London and Washington, D. C. protest against Soviet occupation and annexation of their countries.