Question

Highlight the effect of recession of 1930 on German economy

Answer 1

Industrial production in the United States declined 47 percent. Real gross domestic product (GDP) fell 30 percent. The wholesale price index declined 33 percent” (Pells 1). As the United States was experiencing a horrible crisis, other countries around the world were also being impacted. Germany, for one, was experiencing its ups and downs.

Answer 2

Explanation:

The effects of the economic recession were seen on the prosperity of Germany as it was mostly depended on the loans forwarded to it by America. Post depression America stopped sending further loans and in turn called in the short-term loan they had already made.