The WORLD Depression

When America went into the depression so did the world. America was broke so it could no longer afford to import things from other countries. To import something means to receive goods from another country. To export something means to ship something out to another country. Great Britain, Russia, Austria, Germany, France, and Canada all suffered a depression during the same time as America.

Other countries that relied on imports and exports went broke.

Great Britain had many investors who had invested in American stocks overseas. When the stock market crashed, both English and American investors lost their money.

In Canada, they relied on exporting grains and raw materials. Farmers and exporters lost a HUGE amount of money during the WORLD Depression.

The depression in America affected countries around the world. This is a good example of the domino effect.