24 October 1929
World economic crisis in Slovakia, 1929 – 1935
The global economic depression impacted all of Slovakian production, but mainly the agricultural sector in the mainly agrarian country. Industrial production was reduced to 60 percent of its pre-crisis value in 1933 with prices of agricultural products falling below the input values necessary for sowing or breeding. The desperate situation of farmers’ families and the unemployed resulted in wide-scale riots. Support for radical movements was growing, and the Slovak issue came into focus. The economic revival started thanks to generous state investments in Slovakia to bolster the Czechoslovak Republic as a whole.