AI Overview
There has been only one true global economic depression since 1929: the Great Depression. However, macroeconomic historians also recognize several major regional depressions and severe global recessions. 
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Here is the chronological list of the most severe economic crises since 1929:
- The Great Depression (1929–1939): Triggered by the Wall Street Crash, this is the longest and most severe depression in modern history. It resulted in global GDP declining by an estimated 15% between 1929 and 1932.
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- The Recession of 1937–1938: An intense economic contraction within the Great Depression era caused by premature tightening of monetary and fiscal policies.
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- The Great Recession (2007–2009): While classified as a recession, the 2008 financial crisis was the most synchronized and deepest global downturn since 1929, resulting in the worst global economic conditions since the Great Depression.
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- COVID-19 Recession (2020): While relatively brief, pandemic-related shutdowns caused a sudden, drastic contraction in the global economy. The International Monetary Fund (IMF) stated it was the steepest global downturn since the Great Depression.
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In addition to these, there have been notable regional depressions, such as the Great Depression in the Nordic countries (1990s) and the Greek Depression (2009–2018) following the European debt crisis.
If you want, I can:
- Detail the causes and recovery periods for any of these events
- Provide data on unemployment and stock market declines
- Compare the policy responses of the 1930s versus 2008
Let me know how you’d like to explore this history.
About michelleclarke2015
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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