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The collapse of the American economy led to a ripple effect globally, causing decreased demand for exports from other countries, which resulted in slowed economic growth and increased unemployment in those nations. Many countries faced financial instability, as international investments and trade relations deteriorated. Additionally, emerging markets were particularly vulnerable, experiencing capital flight and rising debt levels, which exacerbated economic crises and social unrest. This interconnectedness highlighted the fragility of the global economy and the importance of coordinated responses to financial instability.

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1w ago

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