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When the stock market crashed in 1929, it had a ripple effect that impacted the European nations, among others. In what specific way were European economies tied to the US economy?
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Jul 26, 2018
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When the stock market crashed in 1929, it had a ripple effect that impacted the European nations, among others. In what specific way were European economies tied to the US economy?
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Leonard Thieu
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Well, the US trades with Europe all of the time.
I would assume that when the stock market crashed--which surely slowed the production of goods--it significantly slowed trade between the United States and Europe because the US had fewer goods to trade.
Don Jose
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Aug 2, 2018
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