British Malaya - Economic Depression (1930s)

Economic Depression (1930s)

Further information: Great Depression

During the 1930s, the world economy was in a depression. Due to the integration of the Malayan economy to the global supply chain, Malaya did not escape the depression.

Read more about this topic:  British Malaya

Famous quotes containing the words economic and/or depression:

    “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
    —Ernest Hemingway (1899–1961)

    “Someone is always at my elbow reminding me that I am the grand-daughter of slaves. It fails to register depression with me. Slavery is sixty years in the past. The operation was successful and the patient is doing well, thank you. The terrible struggle that made me an American out of a potential slave said “On the line!” The Reconstruction said “Go!” I am off to a flying start and I must not halt in the stretch to look behind and weep.”
    —Zora Neale Hurston (1891–1960)