1. The Great Depression
After World War I and the peace settlement, Europeas a whole was dangerously indebt. ... Also the demand after the war for consumer and industrial goods drove prices higher than average. In the peace settlement, it was agreed that certain countries would pay other countries war reparations. Obligations to pay back war debts slowed business expansion and international trade. ... Eventually in 1932, the U.S. came to the agreement with indebted countries and most war reparations were forgotten. ...
- Word Count: 378
- Approx Pages: 2
- Grade Level: High School