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Q: According to the lesson why did Germany's economy nosedive following World War 1?
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Why did Germany's economy nosedive following world war 1?

huge war reparations


How did introducing the rentenmark help Germany?

it helped stabilise germanys economy by keeping hyperinflation under control


Why did Germanys economy collapse in 1923?

The value of Germany's currency dropped and inflation soared. <---novanet answer


What is experience economy?

next economy following the agrarian economy, the industrial economy, and the most recent service economy.


How did Dawe's plan affect the German economy?

The Dawes PlanThe Dawes Plan was a negotiation between the U.s. and Germany, to have Germany be softened by the burdens of war reparation. it had good effects such as bringing in more foreign investments and loans to the Germany market, also stabilizing the currency, and increasing of employment, since the U.S. introduced more businesses from their country. However the bad effects of the Dawes plan were that, soon germanys economy depended greatly on foreign markets and economies. As a result, when the U.S. went through the great depression, it severely affected germanys economy, and the rest of the western world.


Which countries in the world following socialistic economy?

Madagascar


How was the US' economy different from European economy following World War 1?

The U.S. economy grew at a much more rapid rate.


Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?

market economy


Which of the following is not used by government to control the economy?

Raising an army


Which of the following shows that an economy is growing?

The GDP is getting bigger


Which of the following countries has a mixed economy?

ChinaSwedenUnited StatesNorth Korea


The government does which of the following in a planned economy?

Runs the economic system