First, Britain chose an earnest monetary policy which was the gold standard. Second, European countries were full depended on the support of the United States’ loans. Third, Federal Reserve decreased in rediscount rate which caused the rash and delirious speculation in the stock market. In addition, the collapse of agriculture caused global depression by Kindleberger’s
First, Britain chose an earnest monetary policy which was the gold standard. Second, European countries were full depended on the support of the United States’ loans. Third, Federal Reserve decreased in rediscount rate which caused the rash and delirious speculation in the stock market. In addition, the collapse of agriculture caused global depression by Kindleberger’s