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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Correction:
In the 1st ww, the depression did not exist. It came in 1929.
WWI was a major cause of the Great Depression.
The president during the Great Depression and World War 2 was Franklin Roosevelt.
World War II got Americans out of the great depression People were more willing to take on debt.
Great depression, League of Nations was formed, etc.
it helped pull us out of the great depression.