Economics
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Boundless Economics
Inflation
Defining, Measuring, and Assessing Inflation
Economics Textbooks Boundless Economics Inflation Defining, Measuring, and Assessing Inflation
Economics Textbooks Boundless Economics Inflation
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 7
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Deflation

The Great Depression

The Great Depression

Most economists agree that the high levels of deflation during the 1930s made the Great Depression much more severe and long-lasting. It discouraged consumption, borrowing, and investment that would increase economic activity.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Unemployed men queued outside a depression soup kitchen opened in Chicago by Al Capone, 02-1931 - NARA - 541927."
    http://commons.wikimedia.org/wiki/File:Unemployed_men_queued_outside_a_depression_soup_kitchen_opened_in_Chicago_by_Al_Capone,_02-1931_-_NARA_-_541927.jpg Wikimedia Public domain.

Related Terms

  • deflationary spiral
  • purchasing power
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