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All European democracies defaulted on their war debts because of the Great Depression. The communist ideology of the Soviet Union created a widespread fear that communism would spread throughout the world, especially during the hard economic times. This caused a general wariness about labor unions and a somewhat conservative bent in public opinion. As for Fascist Germany, Great Britain and France tried the policy of appeasement just before the breakout of the Second World War but that did not work out and both declared war on Germany. The United States remained very much isolationists until the attack on Pearl Harbor by Japan in 1941.

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