3 years ago

Why did the world economy depend on the strength of the U.S. economy in the 1920s

2 answers:

6 0

Because the US $ was a reference currency world wide. With the US economy problems, the value of the US $ became uncertain and this lead to a crisis world wide because of the dependency on US $ as a capital reserve.

melomori [17]3 years ago

4 0

Because It strengthened U.S. labor unions. U.S. factories produced half of the world's

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