What was the worst economy in history?
The most severe and catastrophic economic collapse in recorded global history is widely considered to be the Great Depression of the 1930s, which devastated the global capitalist system following the 1929 stock market crash. Unemployment rates in the United States skyrocketed to twenty-five percent, international trade collapsed by over half, industrial production plummeted, and thousands of banks failed, wiping out life savings. Other notable historical economic catastrophes include periods of runaway hyperinflation, such as the Weimar Republic in 1923 or Zimbabwe in the late 2000s, where currency became entirely worthless and economic systems completely disintegrated.
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