what were the effects of the great economic depression in Germany?
Answers
Answer:
The Great Depression affected all capitalist economies in the world. American banks immediately withdrew the loans they had made to Germany. Businesses closed, unemployment rose and inflation was rampant. German money had so little value, that it might take a wheelbarrow full of notes to buy a few groceries!
Answer:
The Thirty Years' War (1618–1648) was ruinous to the twenty million civilians and set back the economy for generations, as marauding armies burned and destroyed what they could not seize. The fighting often was out of control, with marauding bands of hundreds or thousands of starving soldiers spreading plague, plunder, and murder. The armies that were under control moved back and forth across the countryside year after year, levying heavy taxes on cities, and seizing the animals and food stocks of the peasants without payment. The enormous social disruption over three decades caused a dramatic decline in population because of killings, disease, crop failures, declining birth rates and random destruction, and the emigration of terrified people. One estimate shows a 38% drop from 16 million people in 1618 to 10 million by 1650, while another shows "only" a 20% drop from 20 million to 16 million. The Altmark and Württemberg regions were especially hard hit. It took generations for Germany to fully recover.
According to John Gagliardo, the recovery period lasted for about fifty years until the end of the century and was over by the 1700s. At that time, Germany probably had reached its pre-war population (though this is disputed). Then, there was a period of steady though quite slow growth to the 1740s. Afterward came a period of rapid but not exceptional economic expansion, that mainly occurred in the great states in the east (Austria, Saxony, Prussia) rather than in the small states of central