Question

The loss of two major sources of income crippled the French economy right before the onset of the Great Depression. What were they? wine industry foreign tourism wool manufacturing war reparations

Answer 1

Answer:

The correct answers are foreign tourism and war reparations.

Explanation:

For Foreign Tourism-

During the 1920's tourism was an important economic sector in France, but due to the Wall Street crack in 1929, many big economies entered in a period of recession which caused the downfall of foreign tourist flow. This hit the French economy which entered in recession in 1931.

For War Reparations-

In 1923 Germany's economy was in default and, for that reason, it couldn't afford any longer the war reparations payments it engaged to pay to France in the Treaty of Versailles. These war reparations payments were an important source of economic resources for France, used mainly to pay war loans that France had with the US. Without this source of money, the French economy started to cripple.

Answer 2

Answer;

-Tourism

-War reparations

Explanation;

The Great Depression is a name for a worldwide economic depression lasting from 1929 to the late 1930s or 1940s, depending on individual countries. Depression in economical terms is a severe downturn in economic activity.

-French recovered their self-confidence after WWI as they did manage to defeat their long lasting enemies, the Germans. But French economy was devastated during WWI and much of its industrial zone was, for the most of the war, under German control which made imminent recovery very difficult.

-Also it had huge war debts and lack of manpower and labor force which further slowed recovery. But France would manage to rebuild its economy during the ‘roaring 1920s’, mostly through the aid of US investment and German war reparations.