How did the geat depression affect the world economy?

Answer 1

The Great Depression caused international trade credit to collapse. To protect exports, countries started raising tariffs and devaluing their currency. The gold standard decreased and in international trade countries began to swap goods instead of paying with currency.

Answer 2

The economy was greatly affected by the Great Depression. Many millions lost jobs and many businesses were shut down following the economic panic of the early 1920's. The Great Depression also affected other nations that had ties with the U.S., such as Britain.

Answer 3

Trade went down and Many people couldn't afford to love in their homes so they lived in cardboard boxes or something on the street. Money was a tough problem in the era since the stock market crashed to stocks were practically history until the nation could get back up on their feet.

Answer 4

anders said that all the people lost all their jobs and the stock markets colapsed with great losses to all.

Answer 5

Yes it did. The depression was a very harsh time for people all over the world.

Answer 6

THERE NO JOB TO BE HAD.PEOPLE WENT HUNGRY.MANY LOST EVERYTHING THEY OWNED JUST TO STAY ALIVE.

Answer 7

it crashed the economy, international trade was down, the stocks crashed, many people went into unemployment, other countrys that depended on the US could not get their goods anymore.

Answer 8

the factory where close but the men that work on the job fail to complete the economy

Answer 9

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