Social Sciences, asked by mahakthakur62007, 5 months ago

how did hjalmar schact help Germany to come out of economic crises

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Answered by akshayakaregama

1

This column considers the economic policy of Hjalmar Schacht, whose 'MEFO-bills' monetary solution ended the years of economic struggle caused by the Treaty of Versailles' reparations commitments. By tying the bills to output, Schacht was able to stimulate output, and eliminate unemployment.

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