Responses
the harsh terms of the Treaty of Versailles and the credit system
the harsh terms of the Treaty of Versailles and the credit system
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
a decline in the shipping industry and a reliance on German reparations
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 response highlights how the economic downturn in the United States led to reduced demand for British exports, which were often luxury goods, and how overproduction in the economy contributed to the spread of the depression.
