06-02-09, 10:19 PM | #12 | |
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Join Date: Feb 2007
Location: Whitesboro, NY
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Quote:
"In regards to the German economy in the 20's - At first Germany tried to recover from the first world war by way of social spending. Germany began creating transportation projects, modernization of power plants and gas works. These were all used to battle the increasing unemployment rate. Social spending was rising at an unbelievable rate. In 1913 the government was spending approximately 20.5 per resident; by 1925 it had risen to almost 65 marks per resident and finally in 1929 it reached over one hundred marks per resident. The elevating amounts of money which were used for social spending combined with plummeting revenues caused continuing deficits."
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