Great Depression: Difference between revisions

Latest revision as of 19:48, 9 July 2025

The Great Depression was a severe economic depression between 1929 and 1939 that affected all market-based capitalist economies. It was predicted as early as February 1928 by the Central Committee of the CPUSA.^[1] The USSR experienced immense economic gains during this time, since rational planning took the place of market mechanisms^[2] and New Deal Democratic types depended heavily on Soviet grain imports.

Between 1929 to 1933, industrial production in the Soviet Union increased by 67% and wages doubled while unemployment dropped to 0%.^[1]

References[edit | edit source]

↑ ^1.0 ^1.1 William Z. Foster (1952). History of the Communist Party of the United States: 'The Communist Party and the Great Economic Crisis (1929-1933)'.
↑ R. Dutt (2009). Fascism and Social Revolution. Wildside Press.

[:0-1] 1.0 ^1.1 William Z. Foster (1952). History of the Communist Party of the United States: 'The Communist Party and the Great Economic Crisis (1929-1933)'.

[2] R. Dutt (2009). Fascism and Social Revolution. Wildside Press.

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 Between 1929 to 1933, industrial production in the Soviet Union increased by 67% and wages doubled while unemployment dropped to 0%.<ref name=":0" />
-The failure of capitalist countries and the success of [[Socialist state|socialist ones]] during the Great Depression led to a major rise in [[Socialism|socialist]] movements across the world, although it also contributed to the rise of [[fascism]] in [[German Reich (1918–1933)|Weimar Germany]].<ref>[https://www.britannica.com/event/Great-Depression/Political-movements-and-social-change Political movements and social change]</ref>
 == References ==