Impact on Major Economies during the Great Depression
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How was the United States economically impacted by the Great Depression?
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The U.S. saw massive unemployment, bank failures, industrial decline, and severe poverty, with GDP falling nearly 30% from 1929 to 1933.
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What happened to the German economy during the Great Depression?
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Germany faced mass unemployment, political instability, and a collapse in industrial production, leading to the rise of extremist political movements.
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How did the Great Depression affect the UK economy?
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The UK suffered from high unemployment, particularly in industrial regions, with slow recovery due to deflationary policies and global trade decline.
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What were the effects on France during the Great Depression?
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France experienced delayed economic effects, with a peak in unemployment and decreased industrial output by the mid-1930s due to a more conservative economic approach.
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How did the Great Depression influence Japan's economic policies?
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Japan shifted its focus toward militarization and economic expansion in Asia as domestic industries struggled, leading to increased aggression in the region.
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What was the impact on the Soviet Union during the Depression?
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The Soviet Union was largely insulated from the global impacts due to its isolationist policies and command economy focusing on industrialization rather than market trade.
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Did any countries benefit during the Great Depression?
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Some smaller economies that were less integrated into global markets experienced milder downturns, while the USSR used the period to bolster industrialization efforts indirectly benefiting from Western focus inward.
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How did the Great Depression alter global political landscapes?
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Rising unemployment and economic hardship fueled political extremism and the rise of totalitarian regimes in some countries, changing global alliances and tensions.
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What effect did the Great Depression have on Latin American economies?
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Latin American countries faced collapsing export revenues and economic contractions, prompting shifts toward industrialization and economic diversification.
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How did Canada respond to the Great Depression?
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Canada saw unemployment rise sharply, with economic recovery delayed due to reliance on exports, prompting political debate about federal intervention and economic policy.
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