Great Depression: The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s. It started with the stock market crash in October 1929 and had far-reaching effects on economies globally.
Hyperinflation: Hyperinflation refers to extremely high inflation rates that erode purchasing power rapidly. Zimbabwe experienced hyperinflation in the late 2000s when prices doubled every day.
Globalization: Globalization refers to the increasing interconnectedness and interdependence of economies and societies around the world. It has both positive and negative impacts on economic conditions.