1930s - Economics

Economics

  • The Great Depression occurred during the 1930s.
  • Economic interventionist policies increase in popularity as a result of the Great Depression in both authoritarian and democratic countries. In the Western world, Keynesianism replaces classical economic theory.
  • Rapid industrialization takes place in the Soviet Union.
  • Prohibition in the United States finally ended in 1933. On December 5, 1933, the ratification of the Twenty-first Amendment repealed the Eighteenth Amendment to the United States Constitution.

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