Explain how the Great Depression extended beyon the United States and became an international problem

1 answer:

7 0

Well.....it hurt many other countries....The situation in Europe was much more difficult and serious for the United States. The problem was simple: money. The Great Depression did not stop at America's borders. It moved to Britain, Europe, and beyond. And it brought extremely hard economic conditions.

In Germany, the value of the national currency -- the mark -- collapsed. German people were forced to buy goods with hundreds, thousands, and millions of marks. They lost faith in the existing system. And they looked for some new leader to provide solutions.

The economic crisis also put great pressure on the international circle of debt that had been created after the war. Suddenly, American bankers could no longer make loans to Germany. This meant that Germany could not pay back war debts to France and the other Allied nations of World War One. And without this money, the Allied nations could not repay money they owed American banks! I hope this helps! :)

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