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Wordcount: 1468
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Germany: Economic events from WW I to WW II
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Economic hardship in Germany began immediately after World War I. World War I had caused many European countries to run up significant war debts, which weakened their economies. Germany was forced to pay enormous war reparations at the same time the treaty of Versailles removed a significant portion of their territory, including many of their coal fields.
The treaty of Versailles took large portions of Germany’s prime industrial areas and granted them to France, Poland, and other Allied powers. These annexations were a major cause of a major decrease in the industrial outputs of several major industries. Coal production dropped by over 28 percent, steel foundries produced 56 percent less, and iron production fell 73 percent.
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