Britain became uber poor and started try to tax the USA even more even though they had already lost.
The British economy was already weak after WW1, so when the US stock market crashed, taxes were put on foreign imports. The value of British exports were halved, and many areas went into poverty (unemployment more than doubled) so Britain devalued their pound in 1931, which made goods cheaper and improved their economy.
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The most direct way nationalism caused World War I was through the assassination of Archduke Franz Ferdinand, who was the heir to the throne of the Austro-Hungarian Empire. ... Thus, nationalist movements broke out across the Slavic territories. Among the most militant nationalists were the Serbs.
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Russia concerned both of them because at that time in the war Russia was the powerhouse, they had it all, technology wise and climate wise. They could not be attacked because of their harsh winters and they could attack at any time because they had the upper hand in military technology.
