The French econom grew very quickly through the 1920s, depending largely on exports. The
French Economy wa unaffected by the 1929 U.S. stock market crash. In 1930 the collapse of world trade, howeve , brought trouble. In 1931, France in its turn yielded to the effects of the
Great Depression, and the impact was just as severe as anywhere else. In late 1935 Mussolini invaded Ethiopia an Hitler's military reoccupation of the Rhineland in 19336 were serious blows to French poli y. Even worse, Hitler and Mussolini