They needed to rebuild destroyed infrastructure. They needed to repay money they had borrowed.
Explanation:
The total expenditure for all the European powers were too huge and magnanimous. Destruction to the lives and property were incalculable. Many deaths and damage to the property were not officially recorded as it was claimed to be missing. Disruption of the world trade was the major impact faced by Europe after the world war I.
Prices skyrocketed, unemployment lingered in the European societies and a temporary economic depression was also recorded which made people difficult to carry on their sustenance. Another problem was the immigrants who tried to resettle in Europe after the war. Post war period recorded a low standard of living for the Europeans, Restrictions were imposed on the consumption of domestic products due to the shortage of supply.
Nullification Crisis was caused by the introduction of a series of protective tariffs. ... The 1828 Tariff of Abominations which sparked the Nullification Crisis was the third protective tariff implemented by the government.
