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Cities around the world were hit hard, especially those based on heavy industry.
"Depression" had long been a term for an economic downturn. What gave this downturn the name the "Great Depression" was that it was by far the largest sustained decline in industrial production and productivity in the century and a half for which economic records have been regularly kept, and the fact that its impact was felt throughout the entire industrialized world and their trading partners in less developed nations.
The term Great Depression can refer to the economic event, but it can also refer to the cultural period, often called simply "The Depression", and to the political response to the economic events...
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Common topics in this essay:
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