The Great Depression
February 1st, 2009
The Great Depression is the most famous example of a worldwide economic downturn in modern history. It was preceded by a time of great prosperity and satisfaction among the population of the United States and a lot of other countries predominantly from the western world; therefore it was called the Roaring Twenties. As we will see in this chapter and in chapter 5 this wealth was of very artificial nature and unsustainable because a stable base was missing.