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Digital Subscriptions > History Revealed > June 2016 > In a Nutshell

In a Nutshell

The United States never wants to repeat the suffering of the thirties, even if it inspired some of its greatest art

THE GREAT DEPRESSION

Where did the Great Depression affect?

The decade-long global economic downturn, which became known as the Great Depression, began in the United States in 1929 after the Wall Street stock market crash. Although America had furthest to fall, the effects were felt everywhere.

What led to America’s financial fail?

After the Americans wrested their independence from Britain and went through their own civil war, the newly minted United States expanded to become the world’s most prosperous powerhouse. As a cohesive nation, with few nearby competitors and vast natural resources, it was perhaps reasonable to assume that the former ‘colonies’ would overtake their European antecedents and become industrially and financially superior.

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The June 2016 issue of History Revealed