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International Economic Problems

Terms in this set (9)

End of WW1 America turned into a majore creator.
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Europe struggled to get back on its feet, America offered loans to help them to do so.
What did America offer to Europe?
Other countries also bought American goods as there was little being produced at home.
What did other countries buy from America?
Immediate post-war boom in production was probably what gave rise to an unalterable faith in the American economy.
What gave rise to an unalterable faith in the American economy?
When european Nations such as Germany struggled to pay back the loans to America in the late 1920s America applied more pressure on them.
What did America apply when Germany struggled to pay back loans?
Some think due to other countries being at the heart of the economic problem- America could only do so well on its own for so long tnroigh policies like protectionism.
What do some think?
Prospering world economy would have to be put in place for boom to continue.
What would have to be put in place for the boom to continue?
If other countries were struggling economically it would only be a matter of time before USA was struggling too.
What would only be a matter of time?
There are also theorists called 'moretavists' who think the great depression could have been shortened or even avoided if Federal Reserve Board (government in charge of monetry policies in USA) had imtroduced more money into circulation (quantitative easing)
What could have been done to shorten the American Depression?
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