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22 July, 03:16

Why was the German economy especially damaged?

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  1. 22 July, 06:43
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    German economy collapsed in 1929

    "The German economy was especially vulnerable since it was built upon foreign capital, mostly loans from America and was very dependent on foreign trade. When those loans suddenly came due and when the world market for German exports dried up, the well oiled German industrial machine quickly ground to a halt."
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