The Great Depression had far-reaching impacts on countries around the world. The global economic downturn that began in 1929, triggered by the stock market crash in the United States, led to a decline in international trade, falling commodity prices, and rising unemployment in many countries.
Some countries were hit harder than others, with many developing countries experiencing particularly severe economic and social consequences. In many cases, these countries were heavily dependent on exports of raw materials, which suffered sharp declines in demand and prices during the Depression. Many countries also faced food shortages and other humanitarian crises as a result of the economic downturn.
The global nature of the Great Depression is important to understand because it highlights the interconnectedness of the world economy, and the ways in which economic policies and events in one country can have far-reaching consequences for others. It also underscores the importance of international cooperation and coordination in addressing global economic challenges, as well as the need for policies that promote sustainable and equitable economic growth.