The Great Depression and it’s lasting impact on liberalism June 7, 2022

from Big Ideas· ·

The threat of trade wars that the world faces today can be traced back to the handling of the Great Depression in the 1930s. The response to this crisis was not just based on monetary and financial considerations, but rather on geopolitical and national interests. This remade democratic capitalism and eventually led to embedded liberalism.



The threat of trade wars that the world faces today can be traced back to the handling of the Great Depression in the 1930s. The response to this crisis was not just based on monetary and financial considerations, but rather on geopolitical and national interests. This remade democratic capitalism and eventually led to embedded liberalism.