Many people trusted their money to banks that could not afford to refund them. They lost a lot of money.
Hope this helps!
Germany signed the <em>Treaty of Versailles</em> with the Allies,officially ending World War 1.The British economist John Maynard Keynes left the treaty conference in protest. In his The Economic Consequences of the Peace 1919, Keynes predicted that the stiff war reparations and other harsh terms imposed on Germany by the Treaty would lead to financial collapse of Germany,which in turn would have serious economic and political repercussions on Europe and the World.
On June 5,1919 ,Keynes wrote a note to Lloyd George PM of England,that he was resigning his post in protest of the impending devastation of Europe.
In his book Keynes wrote""if we aim at the impoverishment of Central Europe,vengeance,I dare say will not limp.Nothing can then delay for very long the forces of Reaction and the despairing convulsions of Revolution,before which the horrors of the later German war will fade into nothing,and which will destroy, whoever is victor,the civilisation and the progress of our generation.""
Answer:
More Islamic countries are present in Europe.
Explanation:
If the Muslims defeated the Franks and rest of the Europe and were able to rule western Europe as a part of a Muslim empire so our world will be totally changed because there is no western Europe on the earth, they all converted into Islamic states. The Muslims have a very attractive culture and religion so first a lot of people will accept Islam and these countries are now Islamic countries due to more Muslim population.
It ended with the exchange of ratifications of the Treaty of Ghent. In 1812, with President Madison in office, Congress declared war against the British. The war began with an attack on Canada, both as an effort to gain land and to cut off British supply lines to Tecumseh's Indian confederation, which had long troubled the US.
