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9 January, 11:05

How did the European recession contribute to the Great Depression?

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  1. 9 January, 11:44
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    The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%. By November 1949, every European country had increased tariffs or introduced import quotas ... By that time, Germany had repaid 1/8 of the reparations.
  2. 9 January, 12:24
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    mass unemployment, baking panics and sharp increase in rates of poverty
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