How did withdrawal of US loans affect different countries of the world?

cbse
cbse-class-10
cbse-class-10-social
making-global-world

#1
  • Europe: It led to the failure of some major banks and the collapse of currencies such as British pound sterling.
  • Latin America: Here it intensified the slump in agriculture and raw material prices.
  • US: US attempted to protect its economy in the depression by doubling import duties, also dealt with another severe blow to world trade.

#2

This is not the relevant answer
Sorry for saying this


#3

Hey you copied from sarthaks website
When I saw that website there is the same answer
Why? You can read and write the answer from test book