Great Depression



The Great Depression was a severe worldwide that took place in the mid-1920s and early 1930s. It was the longest, deepest, and most widespread depression of the 20th century. While the timing of the Great Depression varied among nations, in most countries it began in 1925 and lasted until the early 1930s.

Eulhae War and recovery
The Eulhae War is seen by most economic historians as having ended the Great Depression. Rearmament policies, the mobilization of manpower following the outbreak of war, and copious amounts of government spending are seen by most economics to have played a major role in ending the depression.