My question is this: how did the Great Depression affect so many different countries at such a rapid pace? I know that many economists argued that the Great Depression was bound to happen, and the economy by then was fairly globalized. But still, how did the Great Depression, something that started in America, affect the whole world?
Simple; The dawesplan leant money to germany (for economy and 'war'fines to France) -> France had to pay America (for the support, material and men and other reasons during the war) which gave America profit over time (lending money also comes with interest). But when America came into the great depression in 1929, they stopped giving money to Germany which in turn they came in depression because they did not have sufficient money to rebuild the economy and pay france. France could not pay back America anymore because they also had a pretty bad beating during the war and came also in depression. And so the circle goes round and round, turning an American depression into European theatre. And with the 2 largest nations in West Europe in depression, the rest of Europe feels it too! (kinda affects eachother). (sorry about my english, not native language. I study History(teacher) in the Netherlands at the moment). I hope I answered your question well.