What were some effects of the worldwide economic depression? Must be at least two paragraphs long.

History

1 answer:

Pani-rosa [81]3 years ago

3 0

Answer: The crisis has also affected many European countries.

Explanation:

The Great Economic Depression also reflected outside America. At the time of the crisis, the US economy was the strongest in the world. For years, America has invested in other national economies, especially the European ones. European economies have been fragile.

When America collapsed, there was a withdrawal of capital that had been invested in individual economies of the world for years. The rapid removal of money has left dire consequences for this already weak economy. There has been widespread unemployment and poverty across the United States.

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