Over the past century, the global economy has experienced various periods of economic downturns and recessions. These episodes of financial turmoil have left a lasting impact on nations, businesses, and individuals worldwide. In this blog, we will explore some of the notable world recessions that have occurred in the last 100 years, examining their causes, effects, and lessons learned. The Great Depression (1929-1939) One of the most infamous recessions in history, the Great Depression originated in the United States but quickly spread to other parts of the world. Triggered by the stock market crash of 1929, the crisis was exacerbated by a series of policy mistakes, including protectionist trade measures and contractionary monetary policies. The resulting economic contraction led to widespread unemployment, poverty, and deflation. Lessons learned from this recession shaped future economic policies, emphasizing the need for government intervention and regulatory oversight.