The Effects of the Great Depression - Conflict and Tension Flashcards
1
Q
how did the Wall Street Crash lead to the collapse of the economies around the world?
A
-> led to hyperinflation and unemployment rates increasing
-> the US recalled loans it had made to other countries such as Germany
-> without American money, the economies of these countries collapsed too
-> unemployment, homelessness and starvation spread around the world
-> people lost faith in their democratic governments
2
Q
when was the Wall Street Crash?
A
October 1929