What were the effect of the great economic depression of 1929 -1932 on Germany and USA? [(class 9) long answer]
Answers
Answered by
2
Answer:
The Great Depression affected all capitalist economies in the world. American banks immediately withdrew the loans they had made to Germany. Businesses closed, unemployment rose and inflation was rampant. German money had so little value, that it might take a wheelbarrow full of notes to buy a few groceries!
Similar questions