1. Significance of the Wall Street Crash
... also led to global problems for instance, American withdrawal of European investment, end of reparations, no disarmament and USA isolationism. One example of the short term significance of the Wall Street Crash is American withdrawal of European investment. For instance it meant the collapse of the Dawes plan, which was largely dependent on large amounts of American capital. Due to wages ... many companies throughout Germany, primarily those stationed in the Ruhr went bankrupt and by September 1929 over 1.3 million people were unemployed. In addition to destroying Germany's production le...
- Word Count: 623
- Approx Pages: 2
- Grade Level: Undergraduate