WORLD HISTORY

HISTORY

WORLD WAR II

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What country took blame for World War I and went into a great depression?
A
Germany
B
USA
C
Italy
D
Britain
Explanation: 

Detailed explanation-1: -The origins of the Great Depression were complicated and have been much debated among scholars. The initial factor was the First World War, which upset international balances of power and caused a dramatic shock to the global financial system.

Detailed explanation-2: -Germany’s slump was aggravated by a severe banking crisis in the summer of 1931, which helped turn an ordinary recession into the Great Depression (Figure 1). The crisis was triggered by the collapse of Danatbank, one of Germany’s four big universal banks.

Detailed explanation-3: -However, France, who had suffered considerably in the war, was determined to make sure that Germany would not be able to challenge them again. Under clause 231, the ‘War Guilt Clause’, Germany had to accept complete responsibility for the war.

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