Articles by: Joe Collins

Author Biography: No biography available

Informit: Pandemic capitalism: The Great Depression to come?

Vienna's World Fair celebrating the prosperity of Austria's modern empire opened on 1 May 1873. Eight days later the Vienna stock market crashed, precipitating a global depression with consequences that would ramify for a century. The 'Long Depression', known as the 'Great Depression' until the downturn of the 1930s took that title, gripped Europe from 1873 to 1896. It was a deflationary recession. Unemployment persisted for a generation, but not spectacularly, as in the 1930s.…