It sunk into a worldwide depression
Explanation:
After the war ended global economy began to decline. Economies of North America, United Kingdom and especially Germany faced recession after the war and eventually went into depression in late 1920s and early 1930s.
I am Socrates!
This method even has a name; it's called Socratian Method (obviously, named after me) and it's a method that invited others to do critical thinking rather than give them ready-made answers.
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What’s the question though?