Question

How did the Great Depression affect colonized people and poor nations?

Answer 1

Answer:

The European colonists who depended entirely on export production were discouraged by the experience of the Depression, and the declining revenues affected colonial governments. The possession of colonies was no longer profitable, but colonial rulers were also creditors, who did not wish to relinquish their control. The Great Depression had devastating effects on countries both rich and poor. Personal income, tax revenue, profits, and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries as high as 33%. Construction was virtually halted in many countries.

Explanation:

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