GK
WORLD HISTORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Why did a lot of Countries experience economic depressions after WWI?
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They had to pay back war debts and rebuild thier countries
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The Housing Market in these countries took a downturn
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The Stock Market crashed
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Severe drought caused most the nation’s crops to fail
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Explanation:
Detailed explanation-1: -How Economic Turmoil After WWI Led to the Great Depression. World War I’s legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster. World War I’s legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster.
Detailed explanation-2: -Stock prices collapsed first, by the end of 1919. The downturn in wholesale prices came 6 months later. By the autumn of 1920 a severe industrial depression had developed. Factory employment dropped 30 percent from March 1920 to July 1921.
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