US, Germany, Britain, France.
This is what i know.
US primary creditor. Britain and France utilize reperations payments from Germany to pay the money they ow to US. If US provided war debt relief then Germany would be likely to recieve reperation relief. Germany has to pay out 2x GDP .. This is a time of increased protectionism. Countries want to be self sufficient after the war and in order to pay out the debts they dont want people to spend money on outside goods but instead to buy from inside. The post war recreation of the gold standard was weak and caused a contraction of the money resources which ultimatley lead to the Great Depression in all countries.
what else occured?
Techinically its an economic disaster but i kind of need more points i think but it has to be concrete so i can memorize it easily.
2007-03-19
13:26:23
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1 answers
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Anonymous
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Social Science
➔ Economics