History, asked by yugan8496, 1 year ago

Explain the decect of vreat eco dipperationof 1929in vermanh

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Answered by amankumaraman11
0

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The Great Depression affected all capitalist economies in the world. American banks immediately withdrew the loans they had made to Germany. Businesses closed, unemployment rose and inflation was rampant. German money had so little value, that it might take a wheelbarrow full of notes to buy a few groceries.


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