The Depression Is a Global Phenomenon

The two countries that were most affected by the depression, on the index of deepest levels of unemployment and most loss of g d p, gross domestic product, fore the united states and germany. Very different answers to very different political and social and cultial responses. Germany gets hitler. United states get franklin roosevelt. Two very different political regimes. But the depression is a global phenomenon. And among the people who understood that pretty deeply an intuitively, was herbert hoover. He didn't get very far.