THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Isolationism
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Mercantilism
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Imperialism
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Communism
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Detailed explanation-1: -The collapse in raw material and agricultural commodity prices led to social unrest, resulting in the rise of military dictatorships that promised to maintain order. A second response to the Depression was fascism and militarism–a response found in Germany, Italy, and Japan.
Detailed explanation-2: -Although there were national variations, no part of Europe was left untouched by the Great Depression. In the worst affected countries – Poland, Germany and Austria – one in five of the population was unemployed, and industrial output fell by over 40 per cent. Levels of trade between countries also collapsed.
Detailed explanation-3: -The stock market crash of October 1929 led directly to the Great Depression in Europe.
Detailed explanation-4: -As European countries tried to recover from the war, they depended on American financing. That’s how in 1929, when the American economy started its crash, it brought Europe down with it. Then it was Europe’s connections that quickly made this a global economic crisis.