[expat_panama]

the most copmmon phenomena reported worldwide during the Great Depression, especially on the European continent, was hyperinflation. 

You're thinking of Germany in 1920.   In the US we had 20% inflation during WWI, then deflation until WWII.  Deflation is a lot worse than inflation because everyone (especially employers) stop spending money.

[wideawake]

The economic breakdown in Germany began in the early 1920s with hyperinflation and massive unemployment.

At that time, the US economy was still humming along quite nicely.

By the time the US was facing enormous financial dislocations in 1930, Germany had relatively stabilized.