After the First World War, There Was a Sharp Depression

question 22

Essay

After the First World War, there was a sharp depression that lasted for years in some European countries. Why was the situation reversed after the Second World War when Europe experienced an economic boom and about a quarter century of prosperity?

---

Definitions:

Contingent Liability

A possible monetary liability that could arise based on the result of an upcoming event.

Estimable

Capable of being estimated or approximated in quantity or degree.

Remote Event

An event or condition with a very low chance of occurring, often considered insignificant in financial forecasting and analysis.

Probable Likelihood

This term refers to the high chance of occurrence or expectation that a specific event or outcome will happen.