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During the global depression, war debts placed immense financial strain on countries, exacerbating economic instability and leading to widespread suffering. Nations struggled to repay loans taken during World War I, resulting in austerity measures, high unemployment, and social unrest. The burden of these debts hindered recovery efforts and contributed to the rise of extremist political movements, as citizens sought solutions to their dire circumstances. Ultimately, the combination of economic hardship and unresolved war debts fueled tensions that would later influence geopolitical dynamics.

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