Global Effects Of The Great Depression Essay - 1099 Words

Grace Young Dr. John R. Dabrowski American History II, AMH-2020-H01 7 December 2016 Global Effects of the Great Depression When the American stock market crashed on the infamous Black Tuesday in October 1929, the resulting circumstances were felt worldwide. This crisis resulted in a devastating economic collapse. The ensuing Great Depression was in fact a global event. The world was not immediately engulfed by this wave of economic decline. The timing of economic events varied greatly among nations. Different areas suffered from greater degrees and types of economic disaster. Yet, it spread like a wildfire. Many individuals blamed the US. They believed the Great Depression was largely exported by the United States through the economic policies it adopted during the 1930s. Major world nations responded to the economic crisis in various ways, as European powers and the Unites States strove to maintain global peace and the world military disarmament they had begun to establish in the 1920s. While other post war countries struggled, the United States was booming with p rosperity in the â€Å"roaring twenties†. The unexpected economic collapse led to both financial and political repercussions. Prior to these events, the international economy was already unstable. When the stock market crashed, American businessmen pulled out of overseas investments. Sparked by the Great Depression and the sudden lack of production, world trade experienced a dramatic decline. Without supply andShow MoreRelatedThe Global Effects of Imperialism, World War I and the Great Depression1424 Words   |  6 PagesThe Global Effects of Imperialism, World War I and the Great Depression Bentley first talked about cross-cultural interactions as a way to categorize the World ’s history. 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