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 On December 5, 1933, the ratification of the Twenty-first Amendment repealed the Eighteenth Amendment to the United States Constitution.
Read more about this topic: 1930s
Famous quotes containing the word economics:
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)