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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Both went through an economic depression during the early 20th century
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Many people died/ dying
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Increase in value of their nation’s currency
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Both had economies that came out on top
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Detailed explanation-1: -The Great Depression was a contributing factor to dire economic conditions in Weimar Germany which led in part to the rise of Adolf Hitler and the Nazi Party. Within the United States, the repercussions of the crash reinforced and even strengthened the existing restrictive American immigration policy.
Detailed explanation-2: -How did World War II end the Depression? The US government’s reaction to its entry into WWII was to institute massive deficit spending, and the conscription of all able bodied young men for the war effort, thus creating a full-employment economy which was the immediate end to the Great Depression.
Detailed explanation-3: -When Japan attacked the U.S. Naval base at Pearl Harbor, Hawaii, on December 7, 1941, the United States found itself in the war it had sought to avoid for more than two years. Mobilizing the economy for world war finally cured the depression.
Detailed explanation-4: -The Great Depression spread rapidly from the US to Europe and the rest of the world as a result of the close interconnection between the United States and European economies after World War I.