Access to the full text of the entire article is only available to members of institutions that have purchased access. If you belong to such an institution, please log in or find out more about how to order.


The Great Depression By Bradd, Christopher

DOI: 10.4324/9781135000356-REM973-1
Published: 09/05/2016
Retrieved: 27 March 2023, from


Beginning on New York’s Wall Street on October 29, 1929, which would come to be known as ‘Black Tuesday’, the Great Depression was the most intense and protracted global economic crisis of the twentieth century, ending with the outbreak of World War II in 1939. In the United States, ‘Black Tuesday’ saw the sale of 16 million shares, as catastrophic losses shook confidence in the laissez-faire capitalist system. In 1930 the effects of the American market crash spread worldwide; by 1932 there were 30 million unemployed in the industrial world, plunging millions into abject poverty.

content locked



Article DOI



Related Items

Citing this article:

Bradd, Christopher. "The Great Depression." The Routledge Encyclopedia of Modernism. : Taylor and Francis, 2016. Date Accessed 27 Mar. 2023 doi:10.4324/9781135000356-REM973-1

Copyright © 2016-2023 Routledge.