Essay on The Great Depression By Eric Dorn Brose

826 Words Jan 29th, 2015 4 Pages
In Eric Dorn Brose’s writing, A History of Europe in the Twentieth Century, he offers a plethora of information. However, this paper will briefly summarize his section on The Great Depression. Beginning in 1928 and continuing until recovery began around 1933, a socioeconomic catastrophe plagued the World. This huge event stems from the First World War, which took place from 1914 until 1918. Brose provides connections throughout the early 1900’s that consequently affect the economies and societies after the war. The section allows readers to have enough information to have a general understanding of how the depression was caused and its affect on societies and economies at that time. Major elements to which Brose speaks on are the U.S. stock market failure, foreign loans, decreased production, increased unemployment, quick fixes such as tariffs and currency devaluations, and futile selfish nationalistic ambitions such as immigration deportation and militaristic expansion. The following is a brief summarization of all these elements as well as a critical analysis of Brose’s writing. To begin, Germany’s reparations following the war caused the country to fall into deep debt with no support to rebuild and aid the European economy. Although the Dawes Plan, a plan to help Germany organize its payments, was implemented it did not provide long-term aid. Considering Germany was unable to simultaneously repay their debts and rebuild their economy, their unemployment rates began to…

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