A Worldwide Depression – Flashcards
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In new postwar democracies, there were frequent.
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Many citizens of the new democracies had little experience with representative government.
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In Germany the Weimar Republic was weak from the start.
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Germany lacked a strong democratic tradition. Germany blamed the Weimar Republic for their problems.
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Postwar Germany suffered from severe economic inflation.
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The German government had printed money for war expenses and reparations.
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The U.S. had a flawed economy.
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Uneven distribution of wealth, overproduction by business & agriculture, lessened demand for consumer goods.
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On Oct. 29, 1929, stock market crashed.
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Investors tried to sell high-priced stocks; no one wanted to buy.