Publication

Black Thursday made an impact on Greece rather late, namely in the year 1930. To be sure, the resources of Greece have always been limited; nevertheless, this country was able to absorb, in 1922 and 1923, a huge refugee influx from Asia Minor; and simultaneously the government tried hard to get Greece industrialized. But it was impossible for the latter to avoid for ever the aftermath of the Great Depression. As a matter of fact, the Greek economy finally began to be affected; and in April 1932, Eleutherios Veniselos, Prime Minister since 1928, proposed the formation of a national coalition government in order to brave the crisis.