In 1929, when the Great Depression began, Americans didn’t realize they were in a depression. They just felt that work was getting more competitive, jobs harder to find, the stock market and housing prices kept falling, and incomes were continuously decreasing. By 1933, housing prices had dropped by 51%, and income levels had regressed back to 1910 levels, marking the start of a rebound. It was only later, when people looked back on this period, that they called it the 'Great Depression'... But China...