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How did Germany rise from bankruptcyto superpower between 1929-1939.
- Words:
- 2150
- Submitted:
- Mon Jan 16 2006
Have a little read: ... How did Germany rise from bankruptcy to superpower between 1929-1939. 1929 was a hard time for Germany. Hyper inflation had taken control, the Reich mark was worth nothing, and they were literally bankrupt. The reason for their bankruptcy was due to the economic collapse of America. After world war one Germany had been made to pay large reparations to France for the damage they had caused. Germany had problems paying these large reparations and called in America for help. They decided to loan Germany the money because they saw essential for a strong Europe and they wanted the foreign trade whilst their economy was booming. This all changed November 1929 when the Wall Street crash happened and the American economy was collapsing. They had to stop loaning money to Germany and even called up the money they had given to them. The German government thought by printing more money the problem
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