The Great Depression (6 ч 49 мин, 24 окт 1929 г. – 9 ч 22 мин, 31 дек 1941 г.)
Описание:
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.
Добавлено на ленту времени:
Дата:
6 ч 49 мин, 24 окт 1929 г.
9 ч 22 мин, 31 дек 1941 г.
~ 12 years
