THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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its reliance on Japan for imports of gas and coal.
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Hitler’s invasion of the Rhineland and Czechoslovakia.
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Germany’s reparations payments to the victorious Allies
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the repeated revolutions in their African colonies in the 1920s.
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Detailed explanation-1: -In order to pay the striking workers the government simply printed more money. This flood of money led to hyperinflation as the more money was printed, the more prices rose. Prices ran out of control, for example a loaf of bread, which cost 250 marks in January 1923, had risen to 200, 000 million marks in November 1923.
Detailed explanation-2: -There were multiple reasons for this hyperinflation: The Weimar economy was still suffering from the effects of World War I, when the German government had printed more and more money to pay for the ever-escalating costs of the war, thus significantly devaluing the mark.
Detailed explanation-3: -Allied victors took a punitive approach to Germany at the end of World War I. Intense negotiation resulted in the Treaty of Versailles’ “war guilt clause, ” which identified Germany as the sole responsible party for the war and forced it to pay reparations.
Detailed explanation-4: -Germany started making reparations payments to Holocaust survivors back in the 1950s, and continues making payments today.