COST OF DEPRESSION
EQUAL TO THAT OF GREAT WAR GENEVA, February 9. The total losses to the world economic system from the depression of 1930-34 were between 100,000,000,000 and 120,000,000,000 gold dollars, equivalent to the total cost of the Great War, according to a report from the International Labour Office. Industrial countries were not hit so badly as agricultural countries. The former were able to preserve a relatively high standard of living and the middle classes were almost the heaviest sufferers.
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Evening Post, Volume CXXIII, Issue 34, 10 February 1937, Page 11
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81COST OF DEPRESSION Evening Post, Volume CXXIII, Issue 34, 10 February 1937, Page 11
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