Chapter 20

In what ways was the Great Depression a global phenomenon?

The Great Depression indeed had massive ripple effects around the world, even though those ripple effects stemmed from the United States, a country untouched in war. The United States had an economic boom when the need for war materials and resources became relevant, which brought on more jobs for the time being as well. So basically the government kind of stimulated this economic boom right? Since the citizens of America or any other country don't make the decision to go to war. Anyways once the post war era came around, goods were being made for people who could no longer afford them or goods were being made that were simply being wasted because of it being the post war era. This is all combined with less jobs cause the Great Depression and collapse of the economy. Europe experience similar tragedy as well obviously considering where they stood when the war was said and done. Asia saw a steep drop in demand of their cash crop of rubber. With less automobiles being purchased that means less of a demand for things like tires which hurt the Asian market for rubber. African and Latin American countries saw fluctuating markets for their food and herbal products which were sold around the world. Latin America also had some militant ran states or martial law. Capitalism saw some tough times, but I would take capitalism over communism every single day of the week. These are just a few of the global effects of the great depression. 

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