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what is the impact of economical depression in germany |
The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939.The Great Depression strongly affect German economy. American banks immediately withdrew the loans they had made to Germany. Businesses closed, unemployment rose and inflation was rampant. German currency becomes worthless, that it might take a wheelbarrow full of notes to buy a few bread! |