Why did some countries deal with the depression better than others?

Answer 1

Some countries dealt better with the depression because they did not panic. They did not try a number of wild theories. Instead, they made small adjustments and kept going.

The United States started with tremendous speculation. People could borrow money to purchase securities or property with very little down payment. It was not as bad as 2008 and 2009 when they could purchase property with no down payment. However in 2008 and 2009, they could not purchase securities with no down payment. Banks lent money for this. When the values of securities and properties dropped the banks sold the securities and the properties. People lost their investments. Prices kept dropping. Banks were wiped out. Credit became harmed. The United States went into a depression. Many other countries did not have the same financial problems as the United States because their banks had not joined in the original speculation. Where their banks did not collapse, their credit still existed.