oct 29, 1929 - The Great Depression

Description:

Wall Street Crash -> No cash -> less American loans -> less industry -> less employment -> less trade -> less profits -> ECONOMIC CRISIS

Effects on the Wall Street Crash:
- Britain: High unemployment, making them not wanting to get involved in international disputes
- France: Fear of Germany, more interested in its defenses
- Japan: No industry, leading to the invasion of Manchuria
- USA: trade is a mess, economy is a mess as well, which led to the end of the Dawes plan
- Germany: Extremist governments become popular (eg Nazis) since they promised help with unemployment and the Dawes plan had crashed, economic mess in Germany

How did it affect the LON?:

- Britain and France were self-centered and only focused on their problems, making them no longer worried about the LON

- No money meant no way of solving disputes, especially when an army is needed

- Leaders invade other countries as a result of desperation, causing international problems (eg Japan, Italy)

- US trade is a mess so it stops supporting sanctions, meaning the LON cannot solve disputes as easily since the US trades with so many countries

- Having to deal with extremist governments (eg Nazi)

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