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United States and other countries unemployment soared. With the ravages of world war one many countries where in debt in post war world one or became in debt due to reparations.
It has been said that the Great Depression began in 1929 after a cataclysmic collapse of the New York Stock Exchange. It began in the United States but quickly spread across the world causing an economic slump. "During the collapse of the world the German case is perfect example of what happen virtually everywhere in the 1930s. The international economy broke up into trading blocks determined by political allegiances and currencies...
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