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Depression, Great

  • By: Dietmar Rothermund
  • In: Encyclopedia of Global Studies
  • Edited by: Helmut K. Anheier & Mark Juergensmeyer
  • Subject:Globalization, Social Policy (general), Cultural Geography

The Great Depression (1929–1939) was a global event, in both its causes and its effects. It was due to a global recoil of the web of credit, which landed the world in what Irving Fisher has called a “debt-deflation trap” from ...

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