how were the gold reserves in Germany depleted after World War 1 ?
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As the germany had to pay the war compensation,also to come out from the crisis that occured after the first world war
Germany had to pay his gold
that cause the gold reserves depleted in germany
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Germany had to pay his gold
that cause the gold reserves depleted in germany
Its ur ans
hope it helps u......
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A great deal of national gold reserves of conquered countries, i.e. Belgium, Dutch, Norwegian, French, etc. escaped the Nazis (whose economy relied on massive theft from freshly conquered countries as Adam Tooze realized in “Wages of Destruction”.) That was stored in the vaults of the U.S. Federal Reserve Bank in New York and some remains there today. The gold reserves of Central European nations and major banks all over were sucked into the financial maw of the Nazi regime.
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