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 the french was hit late by the great depression because it had invested heavily in gold reserves unlike the USA markets that had invested in stock exchange.

when the great depression hit, in 1931,three years after it had crushed the USA economy, french government responded with tightening or restricting the financial market and devaluation  of the Franc. this was similar with FDR New deal policy of regulating banking. However, socialist welfare approaches in France were not approved by the senate like it was the case of FDR new deal.
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The French were late victims of the Great Depression because they had substantially invested in gold reserves, as opposed to the stock exchanges in the US.

What is depression?

Depression is the economic condition in which the aggregate economy goes on decreasing. In the condition of depression, aggregate demand is less than the aggregate supply.

An example of the great depression is the depression of 1930 in which the GPP rate falls by 15%.

The French were the victims of the Great Depression because they had substantially invested in gold reserves. At the time of 1931, the great depression hits for three years after it had crushed the USA economy.

The French government reacted by modifying or restricting the financial market and devaluation of the French. This was akin to FDR's New Deal banking regulation policy.

In France, however, unlike in the United States, socialist welfare policies were not approved by the Senate, as was the case with FDR's New Deal.

Therefore, the aggregate economy faces the condition of depression in 1930.

Learn more about depression, refer to:

https://brainly.com/question/17642418

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