A major cause of the Great Depression in Europe was

Question

Quizplus · Accepted Answer

The recall of American loans from European markets in the late 1920s and early 1930s led to a significant reduction in available credit and investment, causing a sharp decline in European economic activity and worsening the effects of the Great Depression. This meant that many European countries were unable to pay off their debts to American banks and finance companies, leading to a cycle of economic decline and financial instability.

A Major Cause of the Great Depression in Europe Was