Great Depression

The Great Depression was the severe worldwide economic downturn of the 1930s, beginning with the Wall Street crash of 1929 and marked by massive unemployment, bank failures, industrial collapse, and widespread hardship across most economies.

Claims that use this term

• Children born during the Great Depression experienced differing developmental outcomes depending on cohort and family economic circumstances, showing historical timing shapes adult trajectories.
• Italy created state mortgage institutions to rescue banks during the Great Depression
• Great Depression labor scarcity made white workers demand Black exclusion from jobs
• Neoliberalism emerged from the Great Depression, not from Viennese interwar thought alone
• Robbins recanted his earlier Great Depression extremism