The Roaring Twenties and the Great Depression
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Economic Recovery (The 1920s)
Definition
Loans and investments in European industries were given by the American government. War reparations and payments were revised.
Aim
To increase the value of the German mark (currency).
Consequence
The United States also helped other European countries by giving them loans and selling the consumer goods they lacked. As a result, by the mid-1920s, the world economy began to recover and grew steadily. It was a prosperous time, known as the Roaring Twenties.
The Wall Street Crash of 1929
Industrial Overproduction
During World War I, American industry supplied Europe, so they produced more. After the war, European industry started to recover, and European countries started producing their own products.
Consequence
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