The Great Depression

The severe worldwide economic depression of the 1930s, beginning with the 1929 stock market crash, that produced mass unemployment, reduced production and trade, and prompted major shifts in economic thought and policy.

Claims that use this term

• The Great Depression did not reliably produce political violence across countries
• The Great Depression drove economists from theory toward empirical data
• The Great Depression and socialist threat drove inclusion of social rights in the UDHR
• The Great Depression halved US advertising spending to a third of its pre-crash level