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History MYE

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Question:

Stresemanns failures - the economy

Author: Freya Watson



Answer:

The economic boom in Weimar Germany was dependent on US loans, which could be recalled suddenly, leading to economic ruin. Workers in large industries saw improved pay and conditions, but rising unemployment, reaching 6% by 1928. Peasant farmers and parts of the middle class suffered, with overproduction and debt plaguing farmers, and small business owners feeling threatened by large department stores.


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