1. THE CAUSES OF THE GREAT DEPRESSION
... , Europeans had depended on American investments to manage their debts and reparation payments from the Great War (World War I). The crash of the stock market in 1929 was the triggering event of the Great Depression. It also dried up the flow of American dollars to Europe, causing financial panics and industrial collapse and making the Great Depression global. In turn, European nations curtailed their imports of American goods and defaulted ... Agencies. This New Deal was introduced in order to provide reform, relief and recovery to the nation. The FERA (Federal Emergency Relief Administ...
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