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in The World Between 1919 and 1945 by (51.6k points)
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Write down the effects of economic crisis.

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From 1929 to 1934 AD, there was a period of economic recession in the whole world. 

Its effects were as follows : 

  • Militarism spread due to economic crisis. 
  • The democratic government was unable to deal with unemployment, inflation, instability and insecurity, so people became disillusioned from democratic system. 
  • The failure of the democratic government led to the promotion of authoritarianism. 
  • As a result of the crisis the control of the state became stricter on economic activities. 
  • Dissatisfied masses were attracted to communism due to state control over economy. 
  • Countries with a sense of insecurity started developing military power. 
  • The economic downturn caused deep damages to the purposes of the League of Nations. The focus of nations has shifted from global security to national security.

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