Asked by Nono
Which of the following correctly examines how the aftermath of world war 1 created economic ties between the United States and Europe that ultimately made the Great Depression a global problem.
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- The devastation caused by World War 1 in Europe led to a massive need for rebuilding and reparations, which the United States, as a financially stable nation, was able to assist with through loans and investments. As European countries borrowed heavily from the US, a strong economic dependence developed, and when the US stock market crashed in 1929, it triggered a chain reaction of bank failures and trade decline, ultimately spreading the economic crisis worldwide, including to Europe.
- The devastation caused by World War 1 in Europe led to a massive need for rebuilding and reparations, which the United States, as a financially stable nation, was able to assist with through loans and investments. As European countries borrowed heavily from the US, a strong economic dependence developed, and when the US stock market crashed in 1929, it triggered a chain reaction of bank failures and trade decline, ultimately spreading the economic crisis worldwide, including to Europe.
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