what were 2 causes and impacts of global economic depression immidiately following WW!

Question

simple answer no big words

Answer 1

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.