power and influence on world politics. Not only did the nation have to deal with the Great Depression, but social and technological changes were sweeping into every corner. Would the participation of the US have saved the League of Nations? What other changes were caused by the popularity of the automobile? Which of the causes of the Great Depression may recur today? What changes had to be made to end the Depression?It took some time after World War I for the U.S. to accept its role as a great power and influence on world?I think if the US had been part of the League of Nations, they still would just have diddle daddled exactly like everybody else. The League of Nations was a glorified debating club.
The causes of the Great Depression that may recur today was easy credit. Everyone was buying shares in companies on credit, hoping to make a fortune. When some of those shares began to be sold, loans were called in, and everything disintegrated right there. Shares in stocks supposedly worth thousand turned into pennies, and so millions were lost. Today, easy credit has cvome back. Even if shares are bought with real money, the people who buy them are living on enormous amount of credit. Even teenagers ahve credit cards. People with next to no income are given credit cards for up to $10,000. Eventually, that has to bust.
