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:
“Three factorsthe belief that child care is female work, the failure of ex-husbands to support their children, and higher male wages at workhave taken the economic rug from under that half of married women who divorce.”
—Arlie Hochschild (20th century)
“In the larger view the major forces of the depression now lie outside of the United States, and our recuperation has been retarded by the unwarranted degree of fear and apprehension created by these outside forces.”
—Herbert Hoover (18741964)