answersLogoWhite

0

After WWI, the US was a major creditor of Europe and other areas of the world. When the US banks and economy started to fail, the economies of Europe could no longer rely on the US for credit. This caused many European economies to falter as well.

What else can I help you with?

Related Questions

Wher was the Great Depression?

Like the 2009 depression, it spread worldwide.


Getting out of the Great Depression?

Entering into World War 2 was the reason why we got out of the Great Depression.


Which factor contributed to the spread of the great depression oversea?

rationed supplies


Which diagram shows how tariffs contributed to the Great Depression?

Tariffs were raised. CAUSED manufacturers' sales overseas declined


What are the causes of The Great Depression in the US?

There are numerous reasons to why the Great Depression occurred in the United States. The main reason is because of the Stock Market Crash of 1929. There was also another reason. This reason included the numerous banking failures.


What happened to Contestant on Next Great Baker who died?

After returning from overseas, he suffered bouts of depression. After being eliminated, he shot himself.


Which Great Depression will end up being worse the Roosevelt Great Depression or the Obama Great Depression?

Well we are not in a depression with Obama the only reason the economy is like this is because of our 43 president Bush So Roosevelts depression ended up worse because they were actually in a depression. You can thank Bush for the economic troubles


How did the great depression spread?

The Great Depression originated in the United States, starting with the stock market crash of October 29, 1929 but quickly spread to almost every country in the world. The Great Depression had devastating effects in virtually every country, rich and poor.


What era followed the Great Depression?

The baby boom generation was born after the Great Depression. They were known as the hippies so I suppose the Hippy era. also world war 2 was straight afterwards and actually was the reason the great depression ended


Was there a Great Depression in Sweden?

Of course, the depression which started in 1929 in the United States spread to nations all over the world, including Sweden. Sweden having recovered in 1934 was however the first nation to fully recover from the Great Depression.


Did Wall Street stock market collapse of 1929 led to the Great Depression true or false?

True, it was a cause of the Great Depression.


What was one reason depression spread overseas?

Actually the Great Depression began in Germany shortly after the end of World War 1 largely as a result of the demanding and oppressive amounts of reparations required by the Treaty of Versaille. The economy of Germany collapsed and inflation rates exploded out of control, destroying personal savings. As much of the reparations were paid with highly inflated and effectively worthless currency, they dragged down the economies of the countries receiving them. The tightly coupled world trade network allowed the depression in Germany to gradually spread through all other European countries and eventually hitting the United States in 1929 (roughly a decade after it began originally in Germany). The only country totally unaffected by the Great Depression was the communist USSR. Many interpreted this as proof that communism was a more successful economic/government system than capitalism/democracy. However the actual reasons that the USSR was unaffected by the Great Depression were that it had been in a depression since the end of the Bolshevik revolution and Stalin had ordered the USSR to cut off all international trade in the middle 1920s, isolating the USSR from the economic collapse.