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Today we’re continuing to explore significant moments in financial history. In particular I’m aiming to arm you with a basic understanding of what the event was all about, and then importantly, why it’s of relevance today.

 

Last week we looked at Tulip Mania in the Netherlands in the 1600’s. Today we skip forward several centuries to the Great Depression of the late 1920’s and 1930’s.

 

The Great Depression remains the longest and most serve economic collapse in modern history. There is some variation across countries, but it is generally considered to have lasted 10 years, from 1929 to 1939, though for many countries directly impacted by World War2, their struggles were further prolonged.