Great Depression Effects

Decent Essays
The Great Depression was a tragic and devastating period for many families, companies and countries all around the world. This period also had huge effects on the many economies involved. From financial panic and unemployment to misguided government policies, it was called “the longest and most severe depression experienced by the western world”.
The years following World War 1 were not necessarily easy for many countries. When World War 1 ended in 1918, a lot of countries had war debts but on top of that many European economies were not stable. Which made it even harder for countries to pay back their war debts. Americans made huge investments in European companies which led to European countries being pretty dependent on the U.S.. After a

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