The Great Depression Flashcards
0
Q
How did the Great Depression affect Europe?
A
European countries had become dependent on US loans. Because of the Great Depression, the USA asked for their money back, as a result European economies crashed.
1
Q
When was the Wall Street Crash?
A
1929
2
Q
How did the Great Depression affect Germany?
A
German economy was built on US loans, so:
Unemployment increased
Reparations payments stopped
Hitler and the Nazis were able to come to power by exploiting these economic problems.
3
Q
How did the Great Depression limit the effectiveness of the League of Nations?
A
Economic sanctions were no longer useful as countries didn’t want to damage trade with anyone.
Countries more interested in own problems.
