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In some states, the desperate citizens turned toward nationalist demagoguesâthe most infamous being Adolf Hitlerâsetting the stage for World War II in
he deflation spiral
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US Farm Prices, (1928-35).
The Great Depression was triggered by a sudden, total collapse in the stock market...
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The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929.[9] Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930...
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