Question

During the Great Depression, the United States demanded repayment of loans it made to European nations for

Answer 1

Answer:

Answer: During the Great Depression, the United States demanded repayment of loans it made to European nations for World War I expenses.

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Answer 2

During the Great Depression, the United States demanded repayment of loans it made to European nations for  meeting World war 1 expenses.

Explanation:

• The Great Depression that emerged in 1929 had far reaching consequences of the American economy. A majority of the banks failed.
• The levels of unemployment rose to 25 % and the people left homeless also increased. Even the prices of houses reduced by 30 %.
• The international trade collapsed by 65 % whereby prices went on to reduce by 10 %.
• One of the ways by which it was solved was a lot of Americans joined the military.

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