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Economies of European countries and of the United State, phases.
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Europe: High level of debts. A shortage of products.
Germany one of the most affected countries. -
United States and Japan were the first countries to recover from the crisis.
US became the
most important industrial power in the world.
US helped Europe to recover. -
Germany`s economy began to recover.
World's economy began to recover.
Prosperous time: "Roaring twenties"
Consumerism grows. -
Wall Street stock market in New York collapsed.
This led to "the great depression"