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1 October, 13:14

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

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  1. 1 October, 13:58
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    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.
  2. 1 October, 16:49
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    Because It strengthened U. S. labor unions. U. S. factories produced half of the world's
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