Responses
a decline in the shipping industry and a reliance on German reparations
a decline in the shipping industry and a reliance on German reparations
an increase in demand for luxury goods and underconsumption
an increase in demand for luxury goods and underconsumption
a dramatic drop in American purchases of luxury items and overproduction
a dramatic drop in American purchases of luxury items and overproduction
the harsh terms of the Treaty of Versailles and the credit system
1 answer
The best explanation for why the Great Depression spread to Britain is:
a dramatic drop in American purchases of luxury items and overproduction.
This option highlights the interconnection between economies during that time, particularly how the decline in American purchasing power and consumer demand affected international trade and production in countries like Britain.
