ABSTRACT
The Great Depression of the 1930s, initiated by the Wall Street crash of October 1929 that then produced its concomitant business decline across 1930, was only initially an American phenomenon. The falls of commodity, stock and asset prices that were triggered by the New York crash quickly spread internationally, and Keynes was soon forced to deal with the consequences of the collapse of the ‘greatest speculative boom in history’ (so-called, or at least until 2008).
