1870 ⟶ The Long Depression Begins
1870–1890: Long Depression in Western Europe and North Ameri...Year
1870
1873
1948
1973
📉 The Long Depression Begins
1870–1890: Long Depression in Western Europe and North America.⟶

DepressionEconomic CrisisGlobal EconomyIndustrial RevolutionCapitalismTradeRecession







📉 Panic of 1873 Triggers Long Depression
The Panic of 1873 starts the "Long Depression".⟶

Economic CrisisDepressionStock Market CrashIndustrializationGilded AgeBankingGlobal Economy



💰 Marshall Plan Officially Begins
April 3: The Marshall Plan, an American initiative for foreign aid of $13 billion to 16 Western European countries, comes into effect.⟶

Cold WarPost-World War IIReconstructionForeign PolicyContainmentCapitalism

















📉 Global Recession Begins
1973–1975 recession begins.⟶

RecessionEconomic CrisisStagflationOil CrisisInflationOPECGlobal EconomyInternational Trade






