British Malaya - Economic Depression (1930s)

Economic Depression (1930s)

Further information: Great Depression

During the 1930s, the world economy was in a depression. Due to the integration of the Malayan economy to the global supply chain, Malaya did not escape the depression.

Read more about this topic:  British Malaya

Famous quotes containing the words economic and/or depression:

    It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.
    Herbert Hoover (1874–1964)

    That terrible mood of depression of whether it’s any good or not is what is known as The Artist’s Reward.
    Ernest Hemingway (1899–1961)