The Start of WWII
Dan Snow's History Hit
00:00
The Global Financial Crisis
By 19 32, in the world's leading industrial economies, there were forty million unemployed people registered unemployed. Tens of millions more were in part time work, couldn't make ends meet. In this recession, world trade, if you can believe it, fell by two thirds. More than half mine blowing. There was the mother of all credit crunches. Nation states came close to bankruptcy. The global financial system came close to collapse. And within a couple of years, so moderate, if you like, people who believed in maintaining the international system had largely been swept from power.
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