The Global Impact of the Great Depression 1929-1939

Book excerpt: This study broadens the conventional focus of the Great Depression to include its impact on the countries of Africa, Asia and Latin America. It covers the economic background and causes, from the international gold standard to agricultural over-production in the US. Other areas discussed include: the impact on the peasantry in developing countries; the political consequences, such as fascism in Europe; and the aftermath and the re-alignment of America, Europe and its colonies. Key areas, such as Keynesian theory, are explained in accessible terms.