The Great Depression (6 h 49 m, 24 oct 1929 año – 9 h 22 m, 31 dic 1941 año)
Descripción:
Loans to Europe end, so there’s increase in unemployment, international trade collapses, industry shrinks and people have less to spend.
Economic Nationalism: Countries try to protect national industries from foreign competition.
USA: Franklin Roosevelt introduced several policies to tackle unemployment.
France: Initially greater economic self-sufficiency protected France but when Germany stopped paying, government income fell, which caused political instability.
Britain: 1939 mobilizes for war, giving boost to the economy.
Añadido al timeline:
fecha:
6 h 49 m, 24 oct 1929 año
9 h 22 m, 31 dic 1941 año
~ 12 years