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> crushing the German economy post-WW1 It was so crushed it was the strongest economic power in Europe by 1923. Truly a crippling burden.
by Starlevel001 4y ago
> crushing the German economy post-WW1
It was so crushed it was the strongest economic power in Europe by 1923. Truly a crippling burden.
- theptip 4y agohttps://en.wikipedia.org/wiki/European_interwar_economy https://en.wikipedia.org/wiki/European_interwar_economy > By 1932, close to six million people were unemployed. The situation in Germany became so precarious that Hitler and the Nazi party started to gain the support of the people.[11] https://en.wikipedia.org/wiki/Golden_Twenties https://en.wikipedia.org/wiki/Golden_Twenties > The United States was the only country to come out of World War I without debt or reparations to pay. Germany owed a huge sum and had to take a loan from the US just to survive. No one had any hint that there would be a stock market crash with worldwide repercussions and that this crash would ruin Germany and set the stage for Hitler to come into power.