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Germany's economy nosedived following World War I primarily due to the harsh reparations imposed by the Treaty of Versailles, which burdened the nation with enormous debt. The loss of industrial territory and resources further weakened its economic stability. Additionally, hyperinflation ensued in the early 1920s, eroding savings and leading to widespread unemployment and social unrest. This economic turmoil laid the groundwork for political instability and the eventual rise of extremist movements.
What else can I help you with?
Why did Germany's economy nosedive following world war 1?
huge war reparations
Which of the following describes a major change in the world economy since the mid-20th century?
The United States has greatly increased its import and export levels.
When did the fur trade end?
The fur trade has not ended in Canada. According to one industry source, furcouncil.com, tens of thousands of Canadians are still employed in various aspects of this business, and it still generates hundreds of millions of dollars in the economy.
What is considered the backbone of Chile's economy?
Mining forms the backbone of Chile's economy.
How was the Indian economy after world war 1?
India's economy was pushed to near bankruptcy
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.
The government does which of the following in a planned economy?
Runs the economic system
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
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
