How to Create Jobs Without Really Trying

You are absolutely correct that the "great" depression was not the worst economic time in the history of the US. As a child growing up in England, my history books made no mention of a "Great" depression at home. The time is called "The Great Slump". If anything, the 20s were much worse because of the aftereffects of WWI. Relative to the rest of the world, economic output declined mildly in the UK between 1929 and 1933. The government cut spending to balance the budget. In the early 30s, interest rates were lowered, a housing boom occurred, and unemployment fell.

The "Great" Depression in the US was exacerbated and lengthened because of government intervention and deficit spending.