Liberalism During The Great Depression
Proceeding WW1, the world slipped into an economic and political crisis. This crisis is commonly referred to as The Great Depression. The Great Depression began in 1929 and continued throughout the 1930’s. This depression represented the fall of liberalism through aspects such as: tariffs, trade wars, credit, borrowing on the margin, and so much more. These characteristics of the depression represented the downfall of liberalism and challenged the liberal assumptions of the world. It made people hope to achieve relief through favoring alternatives such as socialism and fascism. One facet of The Great Depression, particularly in the United States, that deeply impacted the public’s turn against liberalism was the implementation of credit. Credit