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Effects of the Depression than in any time to be more far-reaching recession. Therecession is agricultural prices as a starting point: First place in timber prices (1928), which was mainly due to competitive reasons the Soviet Union of wood; But the biggerdisaster is the arrival in 1929, the Canadian Wheat excessive Production, the United States producing all agricultural products forced down the prices of basic grains.Whether in Europe, America or Australia, the big agricultural decline in the financialcollapse of further deterioration, especially in the United States, a surge of speculative fever withdraw from Europe led to a lot of money, and then in October 1929 occurred inthe Wall Street Stock Market crash alarming . In 1931, French bankers

Black Thursday, when the flow of people moving save Wall Street (1929)

Recovered to the Austrian bank loans, but not enough to repay the debt. The disasterin many countries in Central and Eastern Europe, the system of insolvency: it led the German bankers to protect themselves, and deferred repayment of external debt, thereby also endanger the significant investment in Germany, the UK bankers.Shortage of capital in all the industrialized countries, have brought a sharp drop inexports and domestic consumption: there is no market will bring the factory closed, the less cargo, cargo transport is also less, which is bound to endanger shipping andshipbuilding Industry. In all countries, the economic consequences of mass unemployment and recession: U.S. 13.7 million, Germany 5.6 million, the UK 2.8 million (the maximum 1932 data). Depression has a significant impact on Latin America, makes an almost entirely European and American bankers and businessmen, entrepreneurs dominate the region lost foreign investment andmerchandise exports.

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