1. The Great Depression
The American financiers were the most powerful in the world because the Entente countries depended on loans from the USA to fund their war effort. ... In addition many countries were yet to recover from the First World War. ... Another problem caused by the First World War was that of inflation. ... The situation in Germany was made worse because of the reparations they had to pay as a consequence for having started World War I. ... The consequences of the depression were so serve in some countries especially Germany that hostile political parties gained power which in turn led to the outbreak...
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- Approx Pages: 6