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Saturday, May 12, 2012

Europe and the Big Depression

Europe and the Big Depression were all the consequences that the Second World War had on Europe. There were many consequences; banks failed, industry struggled and trade was very scarce. Another country which was also affected badly, that in 1932 had over 6 million people unemployed, was Germany, as they had been relying on the US loans. Dictatorships and totalitarian regimes appeared, because the Germans were blaming the democracy for this crisis. These caused a new period to start, called a new period of territorial expansion which the League of Nations couldn't control, for example Italy in Abyssinia, Germany in Poland...)

The country which was affected the least was the USSR, as they had a communist system.

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