178k views
1 vote
Why would an economic depression follow a major global conflict, and how does this impact the national government struggling with it?

User DJanssens
by
5.8k points

1 Answer

3 votes

Answer:

Step-by-step explanation:

The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%.

User Sadiksha Gautam
by
5.3k points