The International View of the Great Depression blames the contraction in the U.S.economy on

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The international view of the Great Depression mainly blames the failure of the U.S. markets to permit a fall in aggregate prices under the gold standard or to devalue its exchange rate. This policy led to a decrease in demand for U.S. exports and a decline in U.S. industrial production, causing a contraction in the U.S. economy. While exports and imports did play a role, and Great Britain abandoning the gold standard had an impact, the primary cause according to the international view was the failure of U.S. monetary policy.

The International View of the Great Depression Blames the Contraction