History, asked by adarsh112001, 1 year ago

the year of depression between 1924 & 1928 ? give 5 point about it

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Answered by Shivangi123111
12
1) German investments and industrial recovery were totally dependent on short - term loans , largely from USA .
2) Factorise shut down , exports fell , farmers were badly hit and speculators withdrew their money from the market
3) The German economy was wrist hit by the economic crises. By 1932, industrial production was reduced by 40% of the 1929 level.
4) Workers lost their jobs or were paid reduced wages . The number of unemployed touched an unprecedented 6 million.
5) The large mass of peasantry was affected by a sharp fall in agricultural prices

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Answered by Anonymous
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