Briefly explain how ONE specific event, development, or circumstance in the period from the end of World War I in 1918 to the beginning of the Great Depression in 1929 could be used to support the viewpoint of the Life Magazine cover.

One specific event, development or circumstance in the period from the end of World War I in 1918 to the beginning of the Great Depression in 1929 used to support the viewpoint of the Life Magazine cover was the World War I’s legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster. (Klein. C. 2019).

Explanation:

“The primary cause of the Great Depression was the war of 1914-1918,” the former president Hoover wrote in his 1952 memoirs. “Without the war there would have been no depression of such dimensions.”

“There can be little doubt that the deepest roots of the crisis lay in the several chronic infirmities that World War I had inflicted on the international political and economic order,” wrote historian David M. Kennedy. “The war exacted a cruel economic and human toll from the core societies of the advanced industrialized world, including conspicuously Britain, France and Germany.”

“World War I and its aftermath is the dark shadow that hangs over the entire period leading up to the Great Depression,” says Maury Klein, professor emeritus of history at the University of Rhode Island and author of Rainbow’s End: The Crash of 1929. “Pick any policy you want, and you can see how it leads back to World War I.”

All the aforementioned write-ups are pointers to the fact that the aftermath of the legacy of debt, protectionism and crippling reparations initiated the Great Depression of the 1930.

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