Non-industrialized nations were affected by the Great Depression because industrialized nations reduced their imports of raw materials.
<h3>Why did the Great Depression affect non-industrialized nations?</h3>
Numerous businesses in the USA and Europe filed for bankruptcy due to the Great Depression, which also resulted in widespread unemployment. The items exported by emerging countries suffered from lower prices and lesser demand as a result of decreased economic activity and falling demand. For instance, this had an impact on Chilean copper and Brazilian coffee.
<h3>How other nations were impacted by the Great Depression?</h3>
Germany and Austria were the European nations that were most severely impacted by the Great Depression. Major effects resulted from the 1930 global trade collapse. Over 40% less German production was produced. Economic hardship led to escalating worker discontent, which in turn sparked political change.
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