For France, the Great Depression came late, but also refused to go away. On account of being one of the few winners of the Gold Standard, France's economy was booming so much by 1929 that it took until 1932 for the downturn to take effect. But when it did, it proved intractable, critically undermining the legitimacy of the shaky Third Republic. 

Bibliography for this episode: 

1. Adamthwaite, Anthony Grandeur and Misery: France 1914-1940 Arnold, 1995

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