Event name:

Background:
After Great Depression in 1929, each country addressed the challenge of the stabilization of the economy.

Solution:
Great Powers tried to stabilize their economies by creating closed economies (block economies) among only their colonies and friendly nations with particular currency.

Conclusion:
the conflicts between block economies became intensified owing to restricting importing products from other countries, small and medium countries whose economies were depending on the trade became in trouble and the international situation became unstable.