How did the Great Depression affect Europe?
—— Austria’s largest bank failed, which caused a panic in Europe and made their economies worse. How did the Great Depression affect Japan? —— Economy slumped. Crop failures led to a lot of people starving (famine) and they had to eat tree bark to stay alive. Many lost their jobs in the cities and had to move back to the country. How did the Great Depression affect Latin America? —— Prices for its products (sugar, beef, copper, and tin) dropped. Costs for imported goods rose. They had borrowed a lot of money from other countries, and they had no way to pay it back. How did Britain respond to the economic crisis of the Great Depression? —— Created a multi-party coalition known as the National Government. Passed high tariffs, increased taxes, regulated the currency. How did France respond to the economic crisis caused by the Great Depression? —— Had great political instability. Five different governments formed and fell. The Popular Front (coalition government) passed
