Responses
Banks contiued to lend money to countries and individuals but it was not enough
Banks contiued to lend money to countries and individuals but it was not enough
High unemployment led people to lose faith in democracy and left many countries vulnerable to attack.
High unemployment led people to lose faith in democracy and left many countries vulnerable to attack.
Desperate governments tried to protect their economies from foreign competition and increased taxes on imports
Desperate governments tried to protect their economies from foreign competition and increased taxes on imports
Europe owed reparations to Germany, and when it couldn’t pay, Germany collapsed.
Europe owed reparations to Germany, and when it couldn’t pay, Germany collapsed.
1 answer
The statement that best explains why the Great Depression spread throughout the world is:
Desperate governments tried to protect their economies from foreign competition and increased taxes on imports.
This option highlights the impact of protectionist policies, such as tariffs, which were implemented by various countries in an attempt to shield their economies. These actions led to a decrease in international trade, worsening the economic downturn globally.
