The Great Depression (6 h 49 min, 24 oct. 1929 ans – 9 h 22 min, 31 déc. 1941 ans)
Description:
Loans to Europe end, so there’s increase in unemployment, international trade collapses, industry shrinks and people have less to spend.Economic Nationalism: Countries try to protect national industries from foreign competition.
USA: Franklin Roosevelt introduced several policies to tackle unemployment.
France: Initially greater economic self-sufficiency protected France but when Germany stopped paying, government income fell, which caused political instability.
Britain: 1939 mobilizes for war, giving boost to the economy.
Ajouté au bande de temps:
Date:
6 h 49 min, 24 oct. 1929 ans
9 h 22 min, 31 déc. 1941 ans
~ 12 years
