Jump to ContentJump to Main Navigation
The New DealA Global History$
Users without a subscription are not able to see the full content.

Kiran Klaus Patel

Print publication date: 2016

Print ISBN-13: 9780691149127

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691149127.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 23 September 2021

A Global Crisis

A Global Crisis

(p.10) Chapter 1 A Global Crisis
The New Deal

Kiran Klaus Patel

Princeton University Press

This chapter sets the stage and interprets the Great Depression as a global event, as a time of testing for both democracy and capitalism. The Great Depression was not solely an American experience, even if the United States was one of its main origins and particularly hard-hit by its consequences. The slump had global repercussions, and it fundamentally changed the way that Americans and others were connected to and interacted with the wider world. While political reactions tended to separate and segregate, the suffering was shared across latitude and longitude. By 1933, it was still unclear whether the crisis would destroy or fundamentally transform capitalism along with the fabric of capitalist societies. In the wake of the Depression, this ambivalence reverted to economic nationalism, protectionism, and a rather parochial attitude.

Keywords:   Great Depression, democracy, capitalism, economic nationalism, protectionism, parochialism, recession

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.