1. Great Depression
Possibly the greatest crisis faced by the United States since the Civil War, the Great Depression completely changed the nature of American government. ... During WWI the US and the USSR became self-sufficient, and other markets were closed to Europe because the customers had shifted to more reliable suppliers. ... Political factors caused by the war also hurt Europe's ability to recover. ... During the war Europe was not only forced to liquidate their U.S. investments, but to take on debt as well. ... In fact, we financed eighty percent of the post-war relief. ...
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- Approx Pages: 7