European countries had to spend money supporting refugees fleeing the fighting.
The great crash was just one of the reasons that the US economy went into a long depression. The banks failing, and the decrease in purchasing power also had a part in leading the US into the long depression. The reason for this was that each economic issues fed into the next and there was no way to rebound.
The German depression after World War 1 had a significant impact on the country's economy and society. The Treaty of Versailles imposed heavy reparations on Germany, leading to hyperinflation and economic instability. This resulted in widespread poverty, unemployment, and social unrest. The depression also fueled political extremism, contributing to the rise of the Nazi party and ultimately leading to World War 2.
The crash of the stock marketon October 29, 1929. This was the big event that caused a ripple effect leading to what is known as The Great Depression.
Hoover was the president when the Great Depression hit.
The early 20th century was marked by significant events and cultural shifts, including World War I, the Roaring Twenties, the Great Depression, and the rise of totalitarian regimes. These events reshaped society, politics, and the economy, leading to changes in art, literature, and social norms.
European countries had to spend money supporting refugees fleeing the fighting.
European countries had to spend money supporting refugees fleeing the fighting.
The great crash was just one of the reasons that the US economy went into a long depression. The banks failing, and the decrease in purchasing power also had a part in leading the US into the long depression. The reason for this was that each economic issues fed into the next and there was no way to rebound.
The German depression after World War 1 had a significant impact on the country's economy and society. The Treaty of Versailles imposed heavy reparations on Germany, leading to hyperinflation and economic instability. This resulted in widespread poverty, unemployment, and social unrest. The depression also fueled political extremism, contributing to the rise of the Nazi party and ultimately leading to World War 2.
The economy of Europe sank into a deep depression in the 14th century, known as the Black Death. This was a period of widespread economic hardship resulting from the devastating plague that killed millions of people, leading to a decline in trade, population, and productivity.
Whay is American and Japan leading in today's economy?
Answer this question… The scale of the destruction left much of Europe's infrastructure in need of rebuilding.
Depression.
The economy was based on the practice of slave-labour.
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according to mawnser yes.
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