The electoral consequences of two great crises

Who benefits from deep economic crises: the left, the right or neither? On the basis of evidence from elections in 1929–1933 and 2008–2013 in all states that were democracies in both periods, it is argued in this article that the electoral consequences of the Great Depression and the Great Recession were surprisingly similar: in both periods, right‐wing parties were at first more successful than left‐wing parties, although this effect only lasted for a few years. The manner in which a crisis develops over time should be taken into account when examining the effects of deep economic downturns on the electoral fortunes of the left and the right.