The European economy did not begin to recover from the First World War until

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The Treaty of Versailles, signed in 1919, imposed heavy reparations on Germany, which resulted in economic instability in Europe. It took until 1922 for the European economy to begin to recover, as countries began to focus on rebuilding and investing in industry and infrastructure. By 1928, many European countries were experiencing economic growth, but this was cut short by the Great Depression in 1929. The options of 1939 and 1946 are not relevant, as the former marks the beginning of the Second World War and the latter marks the end of the war.

The European Economy Did Not Begin to Recover from the First