1. Great Depression
Finally, increased trade and population movement barriers caused by the war compounded Europe's economic problems. ... We owed vast sums of money to Europe, especially Britain. ... Since everybody owed everybody else money, collective debt reduction could have helped alleviate the pressure in Europe. ... This increased the short-term claims in New York, London, and Paris, and this "hot money" put multiple economies at the whim of any of the superpowers. ... The common trend was to throw as much money into the stock market as possible because it was a sure bet. ...
- Word Count: 1758
- Approx Pages: 7