Outside of the US, the Great Depression ended rather quickly. In fact, the term 'Great Depression' is a particularly American historical artifact. The depression was made particularly 'Great' in the US because of the radical and in many ways flawed response that the Fed, FDR and the New Deal Democrats made to what was a garden variety, albeit deep recession.
Now we find out that the rest of the world is recovering from the 'Great' Recession while the US isn't. For the first time in history, the US has fallen out of the top ten in the Legatum Worldwide Prosperity Index.
Coincidentally, the current White House occupant made historical accounts of FDR's reign of error mandatory reading for his appointees when he started his term.
What did that 'cat say about History repeating itself? Welcome to Farceworld.
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