HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economic crisis cut foreign trade, and prevented Germany from making payments to Great Britain, and France without the support of the U.S banks.
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The economic crisis in the U.S lowed interest on foreign trade which led to overproduction, this prevented Germany from making payments to Great Britain, and France without the support of the U.S banks.
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The economic crisis did not led to a crisis in other nations, in fact, Germany, France and Great Britain flourished in the 1930’s.
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None of the above
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Detailed explanation-1: -In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output.
Detailed explanation-2: -The causes included the burdensome reparations imposed after World War I, coupled with a general inflationary period in Europe in the 1920s (another direct result of a materially catastrophic war).
Detailed explanation-3: -The effects of the worldwide economic crisis in Germany was: Industrial production went down by 40% in Germany during this time. Inflation was high and the currency has also devalued. There was huge unemployment, which led to people standing on the roadside proclaiming that they would do any work.
Detailed explanation-4: -Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply. In this video, Great Depression expert David Wheelock of the St.