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5 May, 17:27

How did the European recession contribute to the Great Depression?

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  1. 5 May, 18:01
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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. 5 May, 20:21
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    mass unemployment, baking panics and sharp increase in rates of poverty
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