What countries were affected by the Great Depression?
The Great Depression that began at the end of the 1920s was a worldwide phenomenon. By 1928, Germany, Brazil, and the economies of Southeast Asia were depressed. By early 1929, the economies of Poland, Argentina, and Canada were contracting, and the U.S. economy followed in the middle of 1929.Click to see full answer. In this…
The Great Depression that began at the end of the 1920s was a worldwide phenomenon. By 1928, Germany, Brazil, and the economies of Southeast Asia were depressed. By early 1929, the economies of Poland, Argentina, and Canada were contracting, and the U.S. economy followed in the middle of 1929.Click to see full answer. In this regard, how did Great Depression affect other countries?However, in many countries the negative effects of the Great Depression lasted until the beginning of World War II. 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%.Beside above, which countries were worst affected by the Great Depression? The Great Depression which followed the US stock market crash of 1929 badly affected the countries of Latin America. Chile, Peru, and Bolivia were, according to a League of Nations report, the countries worst-hit by the Great Depression. Then, what European countries were affected by the Great Depression? The Great Depression severely affected Central Europe. The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%. By November 1949, every European country had increased tariffs or introduced import quotas.Who was most affected by the Great Depression? About 15 million Americans were jobless and almost half the United States’ banks had failed by 1933. Americans did not imagine that The Great Depression would happen after the market crashed since 90% of American households owned no stocks in 1929. Timing and severity. country decline Argentina 17.0% Brazil 7.0%
