1. Great Depression
Europe was already falling behind the United States, and the war greatly accelerated this trend. ... This made world growth in the 1920s slower than before the war, decreasing European demand for imports that in turn decreased demand for European exports. ... Political factors caused by the war also hurt Europe's ability to recover. ... We owed vast sums of money to Europe, especially Britain. ... First on Black Thursday, October 24 and then on Tragic Tuesday, October 29, 1929 the nation suffered its most influential stock market crash in its history. ...
- Word Count: 1758
- Approx Pages: 7