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December 13that 11:30 am GLOBAL HISTORY 21.WHAT WERE THE CAUSES OF THE FIRST WORLD WAR?
HOW DID THE PEACE TREATIES FOLLOWING THE FIRST WORLD WAR LEAD TO THE CREATION OF THE WORLD ECONOMY? WHAT WERE THE CAUSES AND RESULTS OF THE GREAT DEPRESSION?F.Stock Market Crash in 1929i.Two months after the crash stockholders lost more than $40 billion.G.Bank Failuresi.Because banks were uninsured, people lost their savings. Banks that were struggling to stay open stopped creating new loans. This led to less and less expenditures.H.Reduction in Purchasing Across the Boardi.After the stock market crash people stopped purchasing stuff which meant less items were being produced which meant a reduction in the work force. The unemployment record rose to 25%. Kept the economic situation bad.I.American Economic Policy with Europei.Smoot-Hawley Tariff was created in 1930 to help protect American companies. This charged a high tax for imports and lessened trade between America and foreign countries.J.