Why did European nations begin to default on repaying their debts to the United States in the late 1920s?

A. They had begun massive rearmament programs.
B. They were experiencing severe inflation.
C. They were pouring massive sums into social welfare programs.
D. They depended on reparations payments from Germany to pay their loans and, since American banks had stopped making loans to Germany, those reparations payments ceased.


Answer: D

History

You might also like to view...

Serfs paid their rent primarily

a. with labor. b. with cash. c. with goods, or kind. d. by putting their children into the workforce. e. None of these.

History

A newly democratic Poland forged a connection to the West through

a. fair-market trade reform. b. nuclear disarmament. c. a shared hatred of Gorbachev. d. Catholicism. e. a free press.

History

Analyze why tensions were growing between Japan and the United States, despite U.S. efforts for peace—and its desire to avoid a "two-ocean war."

Answer:

History

Which group was most likely to be targeted in the riots that broke out during the ancien régime?

A) peasants B) artisans C) bakers D) housewives

History