AGD4D

Why did the Great Depression last so long?

Due to World war I consequences: - had to pay off debt caused by expensive war materials (new technology)

Attempts to solve these problems independently while the other nations solved -> international trade falls and international problem occur -> America keep trade within the country -> Expensive taxes on imports and the high tariffs made it inefficient. - Germany's loans and debts to America - government reactions were slow and not good like inflation, cutting off trade America needed to recover first, from the economic crisis before others can recover as well.