10 EFFECTS OF THE GREAT ECONOMIC DEPRESSION
The Great Economic Depression destroyed or shattered international trade. This was as a result of the policy of economic protectionism which was largely pushed by USA. Other countries also responded to this through retaliation and therefore adopted protectionism measures as they could not allow others to sell to them because every country had surplus products. This further frustrated the possibility of commercial intercourse or transactions between countries. It also created social unrest in many developed countries in Europe. Almost all governments had failed to resolve the problems resulting from the Great Economic Depression. These included poverty, unemployment and starvation. These hardships therefore encouraged rebellions against the existing governments which had lost public confidence as the masses wanted to overthrow them and put in power those that they hoped would end their suffering It led to the collapse of industries and other economic sectors. This was because they...