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The Economic Depression and the work of the League

The Economic Depression and the work of the League

In the 1920s and 1930s, the USA was the world's richest country, so problems there could seriously affect the whole of the world's trade. And it did exactly that when in 1929 the US economy crashed. Americans stopped buying goods from other countries. American banks asked foreign businesses to pay back loans they had been given earlier in the 1920s, and trade collapsed. Before long there was an economic depression which caused political problems which affected the work of the League.



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