How could the Soviet system, based on terror and subjugation, appeal to so many people around the world? The Great Depression provided the opportunity. If it had not been for capitalism doing so very badly, Communism would not have won the affection of large numbers of dedicated and intelligent people everywhere. In the eyes of many, capitalism had already produced war and colonial enslavement. After the stock market crash in 1929, it produced poverty, too, even in the most advanced industrial economies.