in the 1920's,which nation was most burdened by war debt?

Question

which is the best answer?and why...
A.Germany.
B.Great Britian.
C.Russia.
D.the United States.

Answer 1

The question is meaningless. Debt burden is calculated as a percentage of GDP. Modern approach to estimating GDP was developed in the U.S. in mid-1920s; reliable GDP data for the U.S. starts in 1925, for other countries, later. So we really don't know what the GDP was in the 1920s and, hence, have no reliable way of measuring debt burden.

J.M. Keynes, based on what he wrote in "The Economic Consequences of the Peace", seemed to think that the highest quantifiable debt levels existed in France and Poland. But even he refused to guess what the debt levels might be in Hungary or Romania...

Answer 2

I'd say Germany, they were having to pay for WWI damages they inflicted upon other nations and trying at the same time to deal with a tremendous recession.

They brought it on themselves obviously, but WWII could possibly have been avoided if the financial burden had been lifted off the German people sooner. The exasperating circumstances led to the rise of Hitler and the rest is history.

Answer 3

Germany

The war debt was so severe that it led to a tremendous price inflation that made the currency worthless. My Mother's family had a tobacco business in Marburg. Each night they counted the day's receipts and were lucky to buy a loaf of bread with a sack full of cash the next day. I have Deutsch Mark notes that were printed with a face value of 10 Marks, but then were overstamped to a new value of 1,000,000 Marks before they were even issued. The same thing with postage stamps. They finally gave up and emigrated to the US in 1923.

Answer 4

A. Germany
President Wilson drew up the plans for the League of Nations based on 14 main points to aid the reconstruction of Europe and pretty much screwed Germany over by not even allowing them in the League Of Nations and stuck them paying for everything, and (as previously stated) is one of the big reasons we had WW2.

Answer 5

A. Germany - becaus the Treaty of Versailles forced them to pay massive war reparations to England and France. They had to borrow the money from America to pay off England and France, since Germany had been bankrupted by the war.

Answer 6

Germany. The Treaty of Versailles killed them. They had to give up land, diminsh their army, and give up a lot of cash, which caused a economic depression similar to the Great Depression, except this one last 15 years.

Answer 7

A. Germany

They had to sign a surrender agreement at the end of WWI

Answer 8

A - hence WW2