Originally posted by Dark Knight
How would the US stock market crash directly have had a major impact on the rest of the world?
More important, I think, was the tariff war initiated by the US' Smoot-Hawley tariff in June 17, 1930. Total world trade fell by almost two-thirds from 1930 to 1933.
The US stok market crash was cruitial becuase it also triggered a colapse in credit and forclosure (SP?) of Ameircan loads to Europe. This is what triggered the depression, the roaring 20's had been sustained in part by (speculative inmho) Ameircan lending. This is what lead to the depression, the Tarriffs were only a result of the global depression.