1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuki888 [10]
3 years ago
15

Why was credit from America bankers so essential to all the European powers can you explain what happened when that credit was t

hat credit was suddenly cut after the stock market crash in 1929
History
1 answer:
V125BC [204]3 years ago
6 0

The correct answer to this open question is the following.

Why was credit from American bankers so essential to all the European powers?

Credit from American bankers was so essential to all the European powers because that credit allowed European investors, businessmen, and governments to have money and used to support or improve the economic conditions of Europe. Part of that credit was still used to the recovery from World War I effects.

What happened when that credit was suddenly cut after the stock market crash in 1929 was that countries suffered because a crisis started as a consequence of the Great Depression in the United States.

Let's have in mind that countries had invested in many war bonds during World War I.

When the United States stock market crashed on October 29, 1929, this event represented the beginning of the Greta Depression, which not only affected the United States but European nations too.

It was one of the worst economic moments in the history of the world. Millions of people lost their jobs, many companies had to close, and banks went into bankruptcy. European countries were in debt due to the many expenditures during the war and the poverty and destruction that remained after it.

You might be interested in
Can someone help me fill in these blanks. I’ll mark you the best answer.
Dafna1 [17]

Answer:

I cant see the whole question

4 0
3 years ago
Which statement would an Anti-Federalist be most likely to agree with?
antoniya [11.8K]
I believe the correct answer from the choices listed above is option D. Anti-Federalism<span> refers to a movement that opposed the creation of a stronger U.S. federal government. Therefor, they most likely agree that the </span><span>Constitution needs to be changed to include a bill of rights. Hope this answers the question.</span>
7 0
2 years ago
People are demanding more apartments and sellers are willing to offer this means that there is a blank of apartment
marshall27 [118]
There is a shortage of apartments. 
6 0
3 years ago
What economic concept is applied in this statement? In other words, you are not only protecting your own child by getting her va
Evgen [1.6K]

I believe the answer is: positive externality

Positive externality refers to The benefit that enjoyed by a third party when the first and second party are conducting a transaction.

When you receive a vaccines, you prevent yourself from becoming a host that could contaminate other people from getting the virus. In the example above, you and your children are the first and second party. And other children are the third party.

5 0
3 years ago
Read 2 more answers
In what way does geographic location influence cabinet security selection?
Marysya12 [62]
The best answer I'll choose, will be A. I hope this helps you.
6 0
3 years ago
Other questions:
  • Which of the following events lead to the United States involvement in World War I? Mark all that apply.
    5·1 answer
  • _____ is a dance move that developed in the poor communities of Harlem and was brought into the mainstream by a pop star.
    10·2 answers
  • Need answer 10, us history
    8·2 answers
  • The framers of the article of confederation were particularly concerned about ..
    8·1 answer
  • What Can We About History From This Quote?
    10·1 answer
  • Exit The ____________ Empire emerged from the decline of the Roman Empire. A. Byzantine B. Ottoman C. Mongol D. Persian
    13·2 answers
  • Why was the March in Selma a success
    15·1 answer
  • 1. What was the plight of the farmers?
    10·1 answer
  • N 1930, wheat prices dropped from ________ to _______ a bushel.
    9·1 answer
  • The indian removal act of 1830 forced american indians to give ip their __ and move west to indian territory. some american indi
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!