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High tariffs and war debts helped spread the depression world wide. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.
What else can I help you with?
How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
How did the economic policies pursued by the US following World War 1 contribute to the Great Depression?
Between the war and the depression everything is related and all matters.
Which was a result of the Great Depression worldwide?
global unemployment
What are the Examples of global crises?
1929-1933 the global depression 1997 Southeast Asian crisis
What were the effects of the global depression in the 1930s?
starvation and political unrest
Are vertigo and depression related?
NO
How are you related to global warming?
If you use electricity, or ride in a car, or drink a can of beverage, then you are, in a small way, contributing to global warming. Global warming is happening because billions of us are all doing the same as you.
Is the US in an economic depression?
what is an economic depression?
What was the name of Franklin D Rooseivelts program to help the US out of the great depression?
The "New Deal" ; see related link below .
During the global depression war debts caused suffering in?
germany
How did the Great Depression impact the global community?
It help very much.
Is depression a sin?
AnswerHow can depression be a sin, it is related to state of mental disorders.
