Highlight the effects of the recession of 1930 on the German economy?
Answers
Answer:
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:
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s.[1] It was the longest, deepest, and most widespread depression of the 20th century.[2] The Great Depression is commonly used as an example of how intensely the global economy can decline.[3]