Social Sciences, asked by pihudu96, 1 year ago

why did America came to rescue of germany during econmic depression

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Answered by manikarnikasurabhi
0

The Great Depression of the 1930s started with the stock market crash of October 1929.

The Great Depression began in August 1929, when the United States economy first went into an economic recession. Although the country spent two months with declining GDP, it was not until the Wall Street Crash in October 1929 that the effects of a declining economy were felt, and a major worldwide economic downturn ensued. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement. Altogether, there was a general loss of confidence in the economic future.

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