Abstract
European nations are suffering from devastation and debt after World War I. Countries maintain their debts payments to the United States as long as Germany pays reparations. The stock market crash in U. S. triggers crises in other countries. The inability of the Allies to repay their debts sets off an economic chain reaction and ends further loans. European nations cannot trade with the United States or earn dollars to pay back World War I loans. The Depression causes lack of confidence in democracy as form of government. Two countries seemingly isolated from effects of Depression are Nazi Germany and the Soviet Union.
Collection
Subject
Series
American History, American Studies, European History, International Relations, Foreign Policy of the U.S., Unfinished Nation, The
Contributors
Duration
00:02:17 (HH:MM:SS)
Language:
English
Copyright Holder
Name | INTELECOM Intelligent Telecommunications |
Role | Distributor |
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