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Europe was taking loans from the bank and not being able to pay them back which made the banks fail and shut down. people who made deposites lost most of their money and sence money was already tight buisnesses had to cut people's pay and sometimes fire the workers which left them jobless and sometimes homeless.
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Earn +20 ptsQ: How did World War l cause the great depression?
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Continue Learning about Military History
What came first Great Depression or world war you?
WWI was a major cause of the Great Depression.
Name one president during the Great Depression and world war 2?
The president during the Great Depression and World War 2 was Franklin Roosevelt.
Why were more Americans able to buy homes after World War 2?
World War II got Americans out of the great depression People were more willing to take on debt.
What were the main effects of World War 1?
Great depression, League of Nations was formed, etc.
How did World War 2 affect the American economy?
it helped pull us out of the great depression.
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