Complex sentence: Reduced demand for the company's products forced it to take out short-term loans to provide operating capital, and by 1931 the international financial situation led to major losses in the value of the company's bonds.
Split into simpler sentences: Reduced demand for the company's products forced it to take out short-term loans to provide operating capital. By 1931, the international financial situation led to major losses in the value of the company's bonds.