WWI

Italy did not have a good experience in World War I. Although they originally were undecided amongst the war, they ended up having huge losses. It is not surprising to see why Italy would be very upset. They fought and lost many men, but ended up on the winning side. However, they received none of the winnings such as land. Not only this, but inflation took a toll on the italian people; causing many job losses. However, Italy had a strong economy and did not suffer much from this.

In the beginning America was doing well. People used leverage to make much more money then they could have imagined. They continued to borrow and borrow money. Unknowingly, this led to the depression because of the stock market crashing and eventually a large amount of inflation. Eventually people had to borrow money from banks leaving them in debt as well as causing banks to shut down. This meant that people's money was not safe, if you had $1000 in the bank, that money was pretty much gone. So people tried to withdraw large amounts (or all) of their money. As this went on, people spent less money and did not buy stuff, keeping the money from circulating.