downtilstandene

Downtilstandene, also known as the "Great Downturn" or the "Great Depression," was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the aftermath of the Wall Street Crash of 1929. The term "downtilstandene" is derived from the Danish word for "downturn," reflecting the economic downturn that occurred in Denmark and other Scandinavian countries during this period.

The Great Depression was characterized by a prolonged period of economic stagnation and widespread unemployment. It had significant impacts on various aspects of society, including the arts, politics, and social structures. In Denmark, the economic downturn led to increased poverty, homelessness, and social unrest. The government responded with various measures, including the establishment of social welfare programs and increased government intervention in the economy.

The Great Depression also had profound effects on international relations. The economic crisis led to a decline in global trade and a strengthening of protectionist policies. It also contributed to the rise of totalitarian regimes in Europe, as many countries sought to address economic instability through authoritarian means.

The Great Depression ended with the onset of World War II in 1939. The war brought about significant changes to the global economy, leading to a period of rapid industrialization and economic growth. However, the legacy of the Great Depression continued to influence economic policy and social welfare programs for decades to come.