Why did the world economy depend on the strength of the U. S. economy in the 1920s

Question

Hadassah Eaton

History

25 April, 00:22

Why did the world economy depend on the strength of the U. S. economy in the 1920s

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Answers (2)

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Kolten Lloyd · Answer 1

Because It strengthened U. S. labor unions. U. S. factories produced half of the world's

Pedro Harding · Answer 2

Because the US $ was a reference currency world wide. With the US economy problems, the value of the US $ became uncertain and this lead to a crisis world wide because of the dependency on US $ as a capital reserve.