History, asked by Harshavardan9346, 1 year ago

What were the effects of great economic depression from 1929 to 1932 in germany.explain

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Answered by aryachaudhary26

1

In Germany, investment and industrial recovery were totally dependent on the USA. Over the next three years, i.e.between 1929and1932, the national income of the USA fell by half. The effect of this recission in the USA economy were felt all over the world. The German economy was severaly hit by economic crises. By 1932, industrial production was reduced to 40 per cent of the 1929level.

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