digplanet beta 1: Athena
Share digplanet:


Applied sciences






















The Great Depression severely affected central Europe. The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%.[citation needed] 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 in 1929 when Congress discontinued the Dawes Plan loans. This was not just a problem for Germany. Europe received almost $8 billion USD in American credit between 1924 and 1930 in addition to previous war time loans.

Germany's Weimar Republic was hit hard by the depression as American loans to help rebuild the German economy now stopped. Unemployment soared, especially in larger cities. Repayment of the war reparations due by Germany were suspended in 1932 following the Lausanne Conference of 1932. By that time, Germany had repaid 1/8 of the reparations. People were devastated about how the Weimar Republic dealt with the economy.

Falling prices and demand induced by the crisis created an additional problem in the central European banking system, where the financial system had particularly close relationships with business. In 1931, the Creditanstalt bank in Vienna collapsed, causing a financial panic across Europe.

See also[edit]

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Great_Depression_in_Central_Europe — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
57822 videos foundNext > 

Gold and the Great Depression with James Caton

In this episode, James Caton discusses the classical and inter-war gold standards. James is an economics PhD student at George Mason University. Gold has man...

The Great Depression: Crash Course US History #33

You can directly support Crash Course at http://www.subbable.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Free is ni...

Marc Faber the Great Depression all over again

Go to http://marcfaberchannel.blogspot.com for more Marc Faber Interviews.

Bob Murphy on the debt crisis, the Great Depression, and gold

Subscribe to our newsletter at . GoldMoney's Alasdair Macleod discusses Austrian economics and the current state of the world economy with the Mises Institut...

The Great Depression Of The 2020's

http://www.simondixon.org Simon Dixon walks you through the process of fractional reserve banking, commonly known in economics as the multiplier effect with ...

Catherine Austin Fitts: The Making of the Greatest Depression

http://www.infowars.com/ http://prisonplanet.tv/ tapeworm economy wall street washington corporate gangs banks private central federal reserve US debt ecb GA...

Great Depression Song - History Lesson 1930s

Song about the Great Depression in the United States and the rest of the world. This history lesson focuses on life during the Depression and the causes of t...

Is the U.S. Headed for another Great Depression?

http://www.StocksLearnOnline.com -----Learn Stock Trading Online------ U.S., Europe Headed Towards Another Depression? For some, warnings of a U.S. economic ...

Collapse of Western Economy - The Great Depression Return

Dollar loses reserve status to Yen & Euro by Paul Tharp The New York Post Ben Bernanke's dollar crisis went into a wider mode yesterday as the greenback was ...

NATO Is Pushing East And Russia Heeds The Warning -- Episode 209

Correction: I said the date was Oct when it should have been Nov Get economic collapse news throughout the day visit http://x22report.com More news http://th...

57822 videos foundNext > 

We're sorry, but there's no news about "Great Depression in Central Europe" right now.


Oops, we seem to be having trouble contacting Twitter

Talk About Great Depression in Central Europe

You can talk about Great Depression in Central Europe with people all over the world in our discussions.

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!