Question
what were 2 causes and impacts of global economic depression immidiately following WW!
simple answer no big words
simple answer no big words
Answers
GPT-4o mini
**Causes:**
1. **War Damage:** Many countries were left with destroyed infrastructure and economies due to the extensive damage from World War I.
2. **Debt and Reparations:** Countries, especially Germany, faced huge debts and reparations, leading to financial instability and economic strain.
**Impacts:**
1. **High Unemployment:** Many people lost their jobs as businesses struggled to recover, leading to widespread poverty.
2. **Global Trade Decline:** Countries focused on fixing their own economies, which caused a drop in international trade and made the situation worse for everyone.
1. **War Damage:** Many countries were left with destroyed infrastructure and economies due to the extensive damage from World War I.
2. **Debt and Reparations:** Countries, especially Germany, faced huge debts and reparations, leading to financial instability and economic strain.
**Impacts:**
1. **High Unemployment:** Many people lost their jobs as businesses struggled to recover, leading to widespread poverty.
2. **Global Trade Decline:** Countries focused on fixing their own economies, which caused a drop in international trade and made the situation worse for everyone.