hello, today im going to share stuff about the great depression. this is about Germany and why did Germany got hit the hardest in the great depression.
Why was Germany hit the hardest during the depression?
I think Germany got hit the hardest during the great depression due to many reasons. The great depression during world war 1. Germany got hit the hardest because it got damaged by world war 1. Because of this almost no work during the depression, many people couldn't apply to and had no work, and because of this, most people can't eat or buy stuff they need. The result of this is that Germany needs to get loans to the U.S. because of this many people also got unemployed.
Explain what Germany had to agree to by signing the Treaty of Versailles?
The Treaty of Versailles was drafted in the Paris peace conference in 1919, by the allied associated powers and by Germany in the halls of mirrors in the Palace of Versailles. They agreed to the Treaty of Versailles because Germany got damaged by world war 1, they allied with the U.S and borrowed money from it. They borrowed 200 million dollars from America. Germany. Because of the treaty, the population and the territory of Germany were reduced by 10 per cent.
Why was NZ hit the hardest during the depression?
The great depression of the early 1930s was the most shattering economic experience ever recorded in New Zealand. All exports fell by 45 per cent in two years, national income by 40 per cent in three. That means New Zealand is having a rough time because they have lost a lot of money for 2 years. According to my research, New Zealand was devastated, Demand for their goods and service fell, as their prices did. The great depression lasted 5 years, 1930 to 1935.
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