CHAPTER 8

Germany

Post-World War I (1920–1933)

Background and Market Impact

I wanted to cover Germany after World War I to discuss what impact a major event such as a war could have on an economy. Additionally, I didn’t want readers to believe that Zimbabwe was some isolated underdeveloped country example of high inflation. Germany was a major global power that succumbed to the challenges faced by high debt and inflation. What happened with Germany after World War I is an important part of global history and has shaped the world we live in today.

As we now know, what happened after World War I related to Germany paved the way for World War II. Most would argue that the treatment of Germany after World War I was overly harsh. The Treaty of Versailles ...

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