Complete 5 pages APA formatted article: International Business. Such a similar scenario may be witnessed in the entire globe at the time of interwar period. Due to which, not only the financial institutions became collapsed but also a political unrest took place in the entire globe that hampered its growth to a significant extent. However, among many others, Mongolia is one of the noteworthy nations, whose political scenario is totally hindered due to the economic turmoil (Kasuya, 2003).
This research essay is divided into three phrases mainly highlighting the impacts of interwar in various nations in the entire globe. Along with this, it also describes, the ways by which, the political situation of the nation of Mongolia became disturbed among others.
Interwar period is recognized as the time frame within 1919 to 1939. It is time in which the World War I ended and the World War II began. Due to which, it is recognized as one of the vital time frame for the financial institutions as entre change-over is taking place. This is because, it is time, in which the banking institutions of various nations like France, Britain and Mongolia is trying to pull back huge amount of money from stock markets. This is mainly due to the downfall or crash of stock markets. As a result of which, the economic activities of the nation of Mongolia slowed down thereby declining the prosperity of the nation to a significant extent. Along with this, due to lack of financial help from the institutions, the idea of over production and future investment is stopped that hindered the economic progress of the nation of Mongolia to a certain extent. It is mainly due to the presence of economic turmoil or recession in the nation.
In addition, due to recession numerous institutions became closed thereby terminating or huge amount of individual. As a result of which, the rate of unemployment and redundancy enhanced thereby declining the level of living standards and economic conditions of the citizens of Mongolia certainly.