The depression of the 1930 was a short lived regional phenomenon how valid is this statement?

Totally invalid , it was a world wide economic crisis that began in October 1929 , when the New York Stock Exchange collapsed . As a result US banks called in international loans and were unwilling to continue loans to Germany for reparations and industrial development .Throughout the USA and Germany members of the public began a run on the banks ,withdrawing their personal savings , and more and more banks had to close . Farmers could not sell crops , factories and industrial concerns could not borrow and had to close , workers were thrown out of work . Governments could not afford to continue unemployment benefits even where they had been available . Unemployment in Germany rose to 6,000,000 , in Britain to 3,000,000 and in the USA to 14,000,000 . In the USA by 1932 nearly every bank was closed . Japan was hit hard by the economic crisis . The Great Depression played a major part in the rise of Hitler and the military faction in Japan , leading to WW2

Not valid at all. The only governments that survived the Depression were all dictatorships that had come to power as a result of the turmoil of WW1 and its immediate aftermath: Russia, Turkey, Italy, Portugal, Mexico

Those where new governments took a completely new direction, usually toward dictatorship, include Germany, Argentina, Chile, Brazil, the UK, Poland, Cuba, Newfoundland, China, Japan, Honduras, and those where the new governments moved left include the USA, France, Spain, New Zealand,

The Depression was cured rapidly in Germany, Brazil, and Portugal, but mostly it had been partly overcome only to fall back as a conseuqnce of a reversal of US economic policy in 1937. Almost everywhere, it was WW2 that finally ended the Depression, with Newfoundland as offering perhaps the most revolutionary wartime recovery.

About 20% valid. ;)

It was definitely a global phenomena. And for most countries it was long or very long, depending on government intervention into free market.

But it was short in the following 2 types of countries

1. where government either let free market to sort it all out

2. where totalitarian socialist government (commnism, fascism and nazism are variations of socialist big government) directly controlled economy setting priices, wages and production plans.

Not at all.

It was a worldwide phenomenon and lasted throughout the 1930s in almost every country.

The Great Depression was global in its effects as the drop in demand impacted not only on industrial economies but also on those primary producers who provided the raw materials for industry. From rubber tappers in Malay to cattle ranchers in Argentina the effects were global. The effects within any one country, however, could be remarkably regional. The South-East of England around London continued to grow while other parts of the UK had massive unemployment with ship-yards and other heavy industry all but closed down.

Despite various attempts at public works to provide a stimulus to the economy from Roosevelt's New Deal to Hydro Electric projects in Scotland and Germany's autobahn programme the world economy was slow to emerge from the Depression. The pseudo-success of Hitler's pre-war economy was based on a massive financial deficit which we to military preparations and that could not be sustained so helping to determine his timetable to war.

One of the effects on the US economy was to increase productivity. Actual output in the USA recovered relatively quickly, but unemployment was much slower to drop because of the increased efficiency of those enterprises that had survived the slump. It was not until the US began to produce for the British war effort under Lend-Lease that the US economy returned to full-employment.

It's totally invalid. It was virtually worldwide (some exceptions, though) and lasted till the outbreak of WW II.

It was a world-wide depression, not regional.