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How did reparations and war debts help cause the global depression?
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Six problems that plagued the postwar world were?
Finding Jobs Rebuilding ravaged lands Debts of war Great Depression of 1929 Finding strong leaders Overcoming dissatisfaction with peace settlements.
Who had to take full responsibility for World War I?
The Treaty of Versailles, which worked out the details of the end of World War 1, forced Germany to accept full responsibility for the War and required them to pay reparations for damages occurred by the Allied forces. These debts crippled their economy and were one contributing factor leading to the rise of the Nazi party, which promised Germany future glory. In fact, Germany was not the sole cause of World War I; the assassination of the heir to the throne of Austria-Hungary in 1914 and a series of miscommunications and acts of sheer stupidity among several of Europe's major powers all helped it along.
What explorer tried to hide from his debts?
Balboa
Why did money in Europe become worthless after World War 1?
It was more the economy of Germany that became worthless. After loosing the war, Germany was forced to pay reparations, under the Treaty of Versailles. The total money owed was 269,000,000,000 in gold marks (German currency). That much in gold coins equaled about 233,405,018 lbs of pure gold. In trying to cover it's debts, Germany began printing money, which lead to severe hyperinflation of national prices. This hyperinflation caused instability in the economy and the German mark to be useless. Germany had also been accepting loan offers from various countries to help pay the reparations. In 1929, when the Stock Market Collapsed, many of these loans were called in, and Germany had to pay out substantial amounts of money.
What agreement settled international debts after WW1?
Dawes Plan
During the global depression war debts caused suffering in?
germany
During the global depression war debts caused great suffering in?
Germany
What were war debts owed by Germany to the allies called?
reparations
War debts owed by Germany to the allies were called?
reparations
What were war debts called owed by Germany to allies?
reparations
What has the author Louis Joseph Marie Dubois written?
Louis Joseph Marie Dubois has written: 'War debts and reparations' -- subject(s): Public Debts, Reparations, World War, 1914-1918 'The French Washington and London agreements and the Dawes plan' -- subject(s): Public Debts
Why did the government help the Great Depression of 1800?
The government helped the great depression of 1800 by taking in the states debts and taxing the people.
How did the depression affect farm life?
crop prices fell, and the debts of farmers increased.
How was us depression related to global depression?
High tariffs and war debts helped spread the depression world wide. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.
How did war debts and reparations affect Germany and other European countries?
When Germany failed to pay their reparation payments in 1923, France occupied the Ruhr. This caused an international crisis and a new payment plan, called the Dawes Plan, was implemented in 1924.
What has the author Harold G Moulton written?
Harold G. Moulton has written: 'Japan' 'World War debt settlements' -- subject(s): Debts, public, European War, 1914-1918, Finance, Public Debts, Reparations 'The control of Germany and Japan' 'The reparation plan' 'Can inflation be controlled?' 'Germany's capacity to pay' -- subject(s): Economic conditions, European War, 1914-1918, Reparations
Did Germany caused the great depression?
The Great Depression was global. No country was able to insulate itself from it. Germany was more severely affected than some countries because it was very dependent on short term loans from the U.S. Germany took out loans from the United States to pay its reparations.
