Essay heading: effects of the great sepression

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American History

 

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Date added:

May 26, 1997

 

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8 / 2010

 

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At the end of World War I, Europe was forced to import food from the U.S.. Moreover, these transactions were conducted on a credit basis since Europe could not afford to pay for its purchase at that time. Clearly, the U.S. was going from being a traditional debtor of Europe before World War I to becoming its creditor: America had financed the war and it was issuing loans for its reconstruction...
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was going from being a traditional debtor of Europe before World War I to becoming its creditor: America had financed the war and it was issuing loans for its reconstruction. However, the attitudes in the U.S. were evolving in an unusual direction: an increasing number of American financiers were starting to literally seek ut potential borrowers which led to competition among U...
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