Tagged depression

Originally uploaded to English Wikipedia by Glen Larson (en:User:Glenlarson), February 17, 2005.

What was the Great Depression in Central Europe?

The Great Depression severely affected central Europe. The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%.By November 1932, every European country had increased tariffs or introduced import quotas. Under the Dawes Plan, the German economy boomed in the 1920s, paying reparations and increasing domestic production. Germany’s economy retracted…

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