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[[File:Bundesarchiv_Bild_102-10246,_England,_Arbeitslose_vor_Gewerkschaftshaus.jpg|350px|right|thumb|Unemployed workers outside a business in [[Weisstadt]], [[Werania]], in 1917.]]
[[File:Bundesarchiv_Bild_102-10246,_England,_Arbeitslose_vor_Gewerkschaftshaus.jpg|350px|right|thumb|Unemployed workers outside a business in [[Weisstadt]], [[Werania]], in 1917.]]


The '''Great Collapse''' was a significant period of worldwide economic downturn during the early 20th century, affecting most countries across all continents. The Great Collapse began in 1913 with the collapse of the [[Weisstadt Stock Exchange]], at the time the world's largest, on October 16, 1913, which sent stock prices plummeting, particularly those in [[Euclea]].  
The '''Great Collapse''' was a significant period of worldwide economic downturn during the early 20th century, affecting most countries across all continents. The Great Collapse began in 1913 with the collapse of the [[Weisstadt Stock Exchange]], at the time the world's largest, on October 16, 1913, which sent stock prices plummeting, particularly those in [[Euclea]]. The [[Sunrosian monarchy]], a quickly industrialising economy, defaulting on its debts is also considered by economists to be a major cause of the Great Collapse, particularly around the period of the [[Airdale War]].  


The quickly fluctuating prices spread to many of Euclea's largest cities, and impacted heavily industrialised countries particularly badly. The Great Collapse is generally said to have ended at the start of the [[Great War (Kylaris)|Great War]] in 1926, although evidence of major economies recovering was observed as early as 1919. To this day, the Great Collapse is the largest depression, both by economic loss and future impact, in history.
The quickly fluctuating prices spread to many of Euclea's largest cities, and impacted heavily industrialised countries particularly badly. The Great Collapse is generally said to have ended at the start of the [[Great War (Kylaris)|Great War]] in 1926, although evidence of major economies recovering was observed as early as 1919. To this day, the Great Collapse is the largest depression, both by economic loss and future impact, in history.

Revision as of 21:12, 23 January 2020

Unemployed workers outside a business in Weisstadt, Werania, in 1917.

The Great Collapse was a significant period of worldwide economic downturn during the early 20th century, affecting most countries across all continents. The Great Collapse began in 1913 with the collapse of the Weisstadt Stock Exchange, at the time the world's largest, on October 16, 1913, which sent stock prices plummeting, particularly those in Euclea. The Sunrosian monarchy, a quickly industrialising economy, defaulting on its debts is also considered by economists to be a major cause of the Great Collapse, particularly around the period of the Airdale War.

The quickly fluctuating prices spread to many of Euclea's largest cities, and impacted heavily industrialised countries particularly badly. The Great Collapse is generally said to have ended at the start of the Great War in 1926, although evidence of major economies recovering was observed as early as 1919. To this day, the Great Collapse is the largest depression, both by economic loss and future impact, in history.

The Great Collapse was amplified by the sharp decline in international trade experienced by most Euclean countries as goods and services began to be preserved around 1914, severely affecting countries reliant on international trade, causing worldwide tariffs to rise drastically. Due to this, many trading jobs, such as import and export-related jobs, began extremely fragile, and large amounts of unemployment were seen in these sectors. Physical labour and agricultural jobs were also hit particularly hard by the Collapse, with countries relying on large agricultural outputs, particularly Narozalica in Euclea, experiencing large amounts of economic decline.

Cause

Spread

Socio-economic effects

Euclea

Coius

Asterias and Sublustria

Recovery