Discuss+the+events+which+led+to+the+great+economic+depression
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1) germany had fought war largely on loans and had to pay war reparations in gold.
2) this depleted gold reserves.
3) in 1923, germany refused to pay and the french occupied ruhr.
4) germany retaliated with passive resistance and printed paper currency recklessly.
5) with too much printed money in circulation the value of the german mark fell and prices of goods soared.
6) the years between 1924 and 1928 saw some stability. german investments and industrial recovery were totally dependent on short term loans, largely from USA.
7) THIS SUPPORT WAS WITHDRAWN WHEN THE WALL STREET EXCHANGE CRASHED IN 1929. THIS LED TO THE GREAT ECONOMIC DEPRESSION.
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