Was the Great Depression a global depression?

Answer 1

No. America MIGHT be in a recession, which is classified as two consecutive quarters of negative GDP growth (of which we now have one). As of December 1, 2008, we are officially in a recession. Two quarters, no growth. Next step.....depression.

Answer 2

At least, some kind of depression has happened. But it isn't a serious depression. I consider that this situation may shift within the next years. Some countries has wrong targets on their internal procedures that cause imbalance on the global economy.

Answer 3

it began in the U.S. but after Hoover enacted the Hawley- Smoot tariff in 1929 the flow of cash from the u.s. to Europe thus creating a global depression.