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The Rise Of Weimar Germany

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Over the course of a decade, Weimar Germany went through a period of unprecedented economic chaos. Under the Treaty of Versailles, the Entente powers prohibited German weapons manufacturing, effectively muzzling military production, which was the engine of economic growth throughout WWI. In 1923, hyperinflation led to the hypertrophic growth of prices as the exchange rate reached $1 = 4.2 trillion marks. Climaxing with a catastrophic depression, unemployment in Germany soared to nearly 30% by 1932. As a result, the famous Potsdamer Platz was frequently filled with vociferous debate over all things financial. In his seminal economic history of the 1920s, Martin Geyer not only described Germany’s postwar economy as chaotic, but as a “world

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