How did the Great Depression affect Europe?
American workers emigrated to Europe in large numbers to find jobs.
Overproduction made American goods too expensive for Europeans to buy.
U.S. banks stopped investments in Europe and demanded repayment of foreign loans.
The United States lowered tariffs and demanded more European goods.
How did the Great Depression affect Europe?
American workers emigrated to Europe in large numbers to find jobs.
Overproduction made American goods too expensive for Europeans to buy.
U.S. banks stopped investments in Europe and demanded repayment of foreign loans.
The United States lowered tariffs and demanded more European goods.
2 answers
U.S. banks stopped investments in Europe and demanded repayment of foreign loans, leading to a financial crisis in Europe. European countries also faced a decline in exports due to decreased demand for goods from the U.S. and the inability of Europeans to afford American goods. High unemployment, poverty, and social unrest became widespread in Europe during the Great Depression. These conditions contributed to the rise of extremist political movements, including fascism in Italy and Nazi Germany.