RG

IN CONTEXT

Focus

The Great Depression

Before

1918 The Global economy struggles to recover its stability after the disruption of World War I.

1922 The US economy starts to grow rapidly as factories mass produce goods.

1923 Prices in Germany spiral out of control in hyperinflation that destroys people’s savings.

After

1930 Mass unemployment hits the US, Britain, Germany, and other countries.

1939 The advent of World War II sees an increase in employment and government spending, speeding recovery.

1944 World leaders agree to set up the International Monetary Fund (IMF) and World Bank to finance economic development.

Over six desperate days in October 1929, shares ...

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