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Financially speaking what two things really hurt Germany and forced them into economic depression?
Two major factors that significantly hurt Germany financially and pushed it into economic depression were the heavy reparations imposed by the Treaty of Versailles after World War I and the global Great Depression of the 1930s. The reparations burdened the economy, leading to hyperinflation in the early 1920s, which eroded savings and destabilized the currency. Subsequently, the Great Depression caused massive unemployment and further economic contraction, exacerbating the already dire financial situation. These factors collectively undermined Germany's economic stability and contributed to widespread hardship.
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Two of the United States basic economic problems during the Depression?
Germany & France
Why was Germany in an economic depression after World War 2?
After World War II, Germany faced a severe economic depression primarily due to the destruction of its infrastructure, industries, and cities from the war. The country was also burdened by reparations and the loss of valuable territories, which exacerbated its economic woes. Additionally, the division of Germany into East and West further complicated recovery efforts, with each side adopting different economic systems. The combination of these factors led to widespread unemployment, inflation, and a struggle to rebuild the economy.
How did the dawes plan contribute to causing the great depression?
The Dawes Plan, established in 1924, aimed to ease the reparations burden on Germany after World War I by restructuring its debts and facilitating loans from the U.S. However, this reliance on American loans created a fragile economic situation; when the U.S. stock market crashed in 1929, it led to a withdrawal of funds and a collapse of the German economy. This financial instability not only deepened Germany's economic woes but also contributed to a global economic downturn, ultimately playing a role in the onset of the Great Depression.
Why was Germany in an economic depression after World War 1?
Germany faced an economic depression after World War I primarily due to the harsh reparations imposed by the Treaty of Versailles, which required the country to pay substantial compensation to the Allies. This financial burden, coupled with the loss of industrial territory and resources, severely weakened the German economy. Additionally, hyperinflation in the early 1920s eroded savings and destabilized the currency, leading to widespread poverty and unemployment. The combination of these factors created a prolonged period of economic instability and hardship for the German population.
What country has the most economic in Europe?
Germany.
What did the treaty of Versailles do to cause economic problems in Germany?
Do to the fines Germany had to pay, they sank into a depression.
Two of the United States basic economic problems during the Depression?
Germany & France
Contributed to the global economic crisis during the great depression?
Postwar reparations led to hyperinflation and economic collapse in Germany.
Did Hitler save Germany from a crisis?
Hitler successfully saved Germany from a economic crisis similar to the American Great Depression.
Why was Bismarck afraid of the socialists?
Germany ruling system went wrong & they hit an economic depression
Why Adolph Hitler so famous?
He was a great motivational speaker. He started out speaking softy and then gradually speaking higher and higher. Also after the great war Germany was in a depression like the U.S and he got Germany out of it quickly.
What problems did germany encounter in the 1920s?
weak goverment, economic problems, wall street crash, depression
What best describes the economic of facist Germany during the great depression?
Full employment but low wages
How did financial crisis contribute of the Great Depression?
Postwar reparations led to hyperinflation and economic collapse in Germany.
Why did Canada wait to declare war on Germany?
Largely due to economic problems caused by the U.S. Great Depression.
How were the economies of the US and Germany were linked before the great depression?
Because of the Great Depression, the American loans and investments to help rebuild the German economy stopped, affecting employment in Germany. Repayment of the loans by Germany stopped in 1932. This economic distress contributed to Hitler's rise in power in Germany.
What good did Hitler do to Germany and its people?
He brought the country out of an economic depression and helped the people to begin manufacturing products again.
