Archive for June, 2011
Effects of the Great Depression
Although the Great Depression was caused mainly by economic imbalances in the most advance industrial nations, it also ravaged the world’s developing nations and remaining colonies. Their economies depended on selling raw materials to the industrialized nations, who no longer wanted them. By early 1993, when the Great Depression hit its lowest point at least [...]
Posted: June 24th, 2011 under Economy, General.
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