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Dominik [7]
3 years ago
6

A key consequence of the battle of saratoga in october 1777 was:

History
1 answer:
Vladimir [108]3 years ago
6 0
<span>France became an ally to the United States.</span>
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See the explanation below.

Explanation:

Great depression was started in 1929 and it's negative effect lasted till the beginning of 2nd World War. During this period global GDP fell by around 15 percent. It's intensity can be estimated from the fact that during Great recession of 2008-2009 the global GDP fell by around 1 percent only. Great depression was marked by steep in the industrial production and price deflation.

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Result of Great depression was that around 20 percent banks failed by 1933, unemployment rate reached more than 25 percent, Industrial production declined to around 50 percent and GDP fell near to 30 percent.

Recovery of United States economy was majorly led by government spending on social welfare program along with currency devaluation and spending during the 2nd World War.

I hope this will help.

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