THE GREAT DEPRESSION 1929 1940
THE WALL STREET CRASH OF 1929
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Give us them back
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Keep them
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Make it rain
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None of the above
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Detailed explanation-1: -This was funded mainly through deficit financing before the war, and the Nazis expected to cover their debt by plundering the wealth of conquered nations during and after the war.
Detailed explanation-2: -Why were U.S. bank loans to Germany vital to the European economy after World War I? Germany used the loans to pay reparations to Britain and France.
Detailed explanation-3: -Gustav Stresemann and Recovery from the 1923 crisis. He scrapped the old Currency, the mark, and brought in a new one – The Renten (temporary) mark It stopped hyperinflation and made German money worth something again. People were able to buy goods and be properly paid, increasing confidence. ….
Detailed explanation-4: -Between 1919 and 1932, Germany paid out 19 billion goldmarks in reparations, and received 27 billion goldmarks in loans from New York bankers and others. These loans were eventually paid back by Germany after World War II.