In a famous analysis of the Great Depression, the economic historian Charles Kindleberger argued that it arose from a failure of world leadership. Great Britain had been the hegemonic power of the nineteenth century, but its creditor status had been severely eroded by the cost of fighting World War I.
在对大萧条的一个著名分析中，经济史学家查理斯·金德博格将萧条的起源归结为全球领导角色的缺失。英国虽然贵为19世界的全球霸主，但他的债权人地位已经被第一次世界大战的巨大消耗所削弱了。