The Great Depression

The Great Depression - Impact on Europe American money...

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The Great Depression Agricultural depression in the 1920s European farmers and their animals drafter during war Canadian and American agriculture expanded Took loans to buy machines and land After the war, European production continued Produced too much Farmers went bankrupt and could not pay loans Banks weakened Stock Market Crash of 1929 Speculation (borrowing money to buy stocks) September-October stock market weakened October 29 th Black Tuesday People could not pay debts and banks closed
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Unformatted text preview: Impact on Europe American money withdrawn from Europe o Germany cannot pay reparations anymore, in turn Britain and France cant pay us back. Result- layoffs, declining demand, declining production, and more layoffs Government Response Become self-sufficient o High tariffs o Trade barriers o All sorts of regulations Public Works (USA) o Works projects administration (WPA) o Civilian Conservation Corps CCC o...
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This note was uploaded on 09/20/2009 for the course HIST 1003 taught by Professor Zucker during the Spring '08 term at LSU.

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The Great Depression - Impact on Europe American money...

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