The 1930s Great Depression: Could it happen again?

The Great Depression was the most severe crisis of the capitalist system in the 20th century. In the years following the Wall Street Crash, industrial production in the West collapsed, and world trade dried up. The impact of the depression on the working class and poor was severe. Millions across the world faced unemployment, destitution, and hunger. After the initial shock of the crisis passed, workers became increasingly radicalised around the world. The USA saw a wave of industrial militancy, which transformed the trade unions. A wave of strikes, revolutions, and counter-revolutions swept Europe. In this session, James Kilby discusses the causes of the Great Depression, its impact on the class struggle, and explores whether we will see another great depression, or one even greater. 📚 You can learn more about the Marxist view of lessons from the Wall Street crash of 1929: https://www.socialist.net/lessons-from-the-wall-street-crash-1929.htm ✊ Join the fight for revolution with the International Marxist Tendency: https://www.socialist.net/join 📰 Subscribe to the Socialist Appeal newspaper: https://www.socialist.net/subscribe 💸 Support the fight for socialism by making a donation: https://www.socialist.net/donate 🔗 More links and resources: https://www.socialist.net/links