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In the aftermath of World War II, the world faced significant challenges marked by isolationism and political instability. The League of Nations proved ineffective and powerless, unable to prevent aggression from Germany, Italy, and Japan. The Great Depression further crippled economies globally, with Britain and France defaulting on war debts and Germany failing to meet its reparations obligations, compounded by the Johnson Debt Default Act of 1934. Japan's withdrawal from the League highlighted growing militarism that foreshadowed future conflicts. ###
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1. World War II