Moh asked in Arts & HumanitiesHistory · 4 weeks ago

Why did the economic crisis of 1929 cause undermining confidence in the world order?

3 Answers

  • 4 weeks ago
    Favorite Answer

    The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately. Although financial leaders in the United Kingdom, as in the United States, vastly underestimated the extent of the crisis that ensued, it soon became clear that the world's economies were more interconnected than ever. The effects of the disruption to the global system of financing, trade, and production and the subsequent meltdown of the American economy were soon felt throughout Europe.

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  • Athena
    Lv 7
    4 weeks ago

    Besides the ones listed in your textbook?

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  • 4 weeks ago

    It probably had something to do with sausages. And if it didn't, it should have.

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