Commentary
Americans are familiar with the story of the Great Depression, a deep and lasting economic slump that plagued not just workers and families but businesses and households around the world starting with the stock market crash in 1929 and running through the 1930s. Not as many are aware that a similar recessionary period struck the United States just eight years before the 1929 crash. The result of that earlier downturn was very different, and so were the tactics used to combat it.
