Great Depression (dec 11, 1929 – sep 1, 1939)
Description:
Britain responds in a democratic way- lower interest rates ---> encourage new industrial growth
- rejected radicals & communists
Latin America
- trade barriers increased
- trade collapsed because of reliance on exports
- economic crises led to dictators/authoritarian regimes (Chile, Venezuela, Argentina, etc.)
Added to timeline:
Date:
dec 11, 1929
sep 1, 1939
~ 9 years and 8 months