Question

How did the withdrawals of US loans during the phase of the Great Depression affect the rest of the world? Explain in three points.

Answer 1

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Withdrawal of US loans affected different countries of the world in the following manner during the phase of great depression: ... (ii) Latin America: Here, it intensified the slump in agriculture and raw material prices.

Answer 2

Answer:

Withdrawal of US loans affected different countries of the world in the following manner during the phase of great depression: ... (ii) Latin America: Here, it intensified the slump in agriculture and raw material prices.

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