What were the Three R's of F.D Roosevelt ?
2. Explain the effects of economic depression on Germany
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=> The New Deal programs were known as the three "Rs"; Roosevelt believed that together Relief, Reform, and Recovery could bring economic stability to the nation.
=> 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!
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