Great Depression: Difference between revisions

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The '''Great Depression''' was a severe worldwide economic depression that took place mostly during the 1910s-1930s. The timing of the Great Depression varied across nations; in most countries, it started in the early 1910s and lasted until the early 1930s. The Great Depression is commonly used as an example of how intensely the world's economy can decline.

==Background==

During the [[Red Interregnum]], southern [[Levantia]] faced a series of economic crisis. The fear of a socialist [[Urcea]] lead to market crashes in most capitalist nations across the globe, but the quick restoration of the monarchy ended the Depression of [[1900]] and most markets bounced back. The fairly new [[Burgundie|Burgoignesc]] gens des mejans tried to profit off of the war and the Depression of [[1900]]. Markets recovered creating increasingly available credit, but as a consequence of the recovery cycle fueled by investment, economic notables were saddled with more debt than they could afford both in [[Burgundie]] and [[Urcea]]. In [[1909]], the Royal Bank of Urcea recalled some of those debts and when they were defaulted on there was widespread panic that all of the debts would be recalled. This caused a market panic in [[Urcea]] followed quickly by a similar panic in [[Burgundie]]. The collapse of the powerhouses of the [[Holy Levantine Empire]]'s economy threw the remainder of the empire into a tailspin. [[Urcea]]'s economy recovered somewhat by 1915 due to the proliferation of the major infrastructure and reconstruction projects of [[Patrick III of Urcea|King Patrick III]], but such efforts failed to spread significant benefit to the rest of the Empire, leading the [[Occidental World]] to a sharp depression.

During the [[Red Interregnum]], southern [[Levantia]] faced a series of economic crisis. The fear of a socialist [[Urcea]] lead to market crashes in most capitalist nations across the globe, but the quick restoration of the monarchy ended the Depression of [[1900]] and most markets bounced back. The fairly new [[Burgundie|Burgoignesc]] gens des mejans tried to profit off of the war and the Depression of [[1900]]. Markets recovered creating increasingly available credit, but as a consequence of the recovery cycle fueled by investment, economic notables were saddled with more debt than they could afford both in [[Burgundie]] and [[Urcea]]. In [[1909]], the [[Royal Bank of Urcea]] recalled some of those debts and when they were defaulted on there was widespread panic that all of the debts would be recalled. This caused a market panic in [[Urcea]] followed quickly by a similar panic in [[Burgundie]]. The collapse of the powerhouses of the [[Holy Levantine Empire]]'s economy threw the remainder of the empire into a tailspin. [[Urcea]]'s economy recovered somewhat by 1915 due to the proliferation of the major infrastructure and reconstruction projects of [[Patrick III of Urcea|King Patrick III]], but such efforts failed to spread significant benefit to the rest of the Empire, leading the [[Occidental World]] to a sharp depression.

== Impacts ==

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 The '''Great Depression''' was a severe worldwide economic depression that took place mostly during the 1910s-1930s. The timing of the Great Depression varied across nations; in most countries, it started in the early 1910s and lasted until the early 1930s. The Great Depression is commonly used as an example of how intensely the world's economy can decline.
 ==Background==
-During the [[Red Interregnum]], southern [[Levantia]] faced a series of economic crisis. The fear of a socialist [[Urcea]] lead to market crashes in most capitalist nations across the globe, but the quick restoration of the monarchy ended the Depression of [[1900]] and most markets bounced back. The fairly new [[Burgundie|Burgoignesc]] gens des mejans tried to profit off of the war and the Depression of [[1900]]. Markets recovered creating increasingly available credit, but as a consequence of the recovery cycle fueled by investment, economic notables were saddled with more debt than they could afford both in [[Burgundie]] and [[Urcea]]. In [[1909]], the Royal Bank of Urcea recalled some of those debts and when they were defaulted on there was widespread panic that all of the debts would be recalled. This caused a market panic in [[Urcea]] followed quickly by a similar panic in [[Burgundie]]. The collapse of the powerhouses of the [[Holy Levantine Empire]]'s economy threw the remainder of the empire into a tailspin. [[Urcea]]'s economy recovered somewhat by 1915 due to the proliferation of the major infrastructure and reconstruction projects of [[Patrick III of Urcea|King Patrick III]], but such efforts failed to spread significant benefit to the rest of the Empire, leading the [[Occidental World]] to a sharp depression.
+During the [[Red Interregnum]], southern [[Levantia]] faced a series of economic crisis. The fear of a socialist [[Urcea]] lead to market crashes in most capitalist nations across the globe, but the quick restoration of the monarchy ended the Depression of [[1900]] and most markets bounced back. The fairly new [[Burgundie|Burgoignesc]] gens des mejans tried to profit off of the war and the Depression of [[1900]]. Markets recovered creating increasingly available credit, but as a consequence of the recovery cycle fueled by investment, economic notables were saddled with more debt than they could afford both in [[Burgundie]] and [[Urcea]]. In [[1909]], the [[Royal Bank of Urcea]] recalled some of those debts and when they were defaulted on there was widespread panic that all of the debts would be recalled. This caused a market panic in [[Urcea]] followed quickly by a similar panic in [[Burgundie]]. The collapse of the powerhouses of the [[Holy Levantine Empire]]'s economy threw the remainder of the empire into a tailspin. [[Urcea]]'s economy recovered somewhat by 1915 due to the proliferation of the major infrastructure and reconstruction projects of [[Patrick III of Urcea|King Patrick III]], but such efforts failed to spread significant benefit to the rest of the Empire, leading the [[Occidental World]] to a sharp depression.
 == Impacts ==

Great Depression: Difference between revisions

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