The Great Depression (jan 1, 1929 – jan 1, 1939)

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~The crisis did not reach Denmark until 1931. Until then, the Danish business community benefited from the falling prices of imported raw materials, but then agriculture was hit by restrictions on export markets, and industry was hit by increased competition in the domestic market from foreign goods.~

Although the Great Depression didn't begin in the United States until October 1929, Denmark was plunged into high levels of unemployment (30%) as early as 1926.

Poor harvests and a 1926 tariff imposed on Danish grain by Germany, one of Denmark's largest trading partners, contributed to Denmark's fiscal woes.

By 1932, a fiscal collapse of the Danish government seemed imminent. Fueled by the uncertainty, Danish branches of both the Fascist and the Nazi parties were established by the mid-1930s, although they remained relatively small.

Part of their lack of success derived from the Danish government's policy of forbidding the civilian use of any kind of uniform in public, with the exception of the Boy Scouts. As a result, no mass demonstrations in the style of what the Germans later developed into the Third Reich ever took place on Danish soil.

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