Effects of the Depression/WSC Flashcards by Ella M.

Q

Why was Germany impacted by the Great Depression?

A

They Golden Age recovery heavily relied on American loan (Dawes and Young plan).
Therefore, US banks demanded immediate repayment which Germany could not do.

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Q

Between 1929-32 export trade and industrial production fell by…

A

Export trade: 61%
Industrial production: 58%

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