Titlebook: Economic History of Europe: Twentieth Century; Shepard B. Clough,Thomas Moodie,Carol Moodie Book 1968 Palgrave Macmillan, a division of Ma

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Grundlagen des Bankmanagements,ulated by the Reparation Commission and announced in 1921. In working out the total debt, the sum initially suggested by the Allies was nearly eight times that proposed by Germany, and there was disagreement on the valuation of deliveries in kind already made. At the beginning of May, 1921, the Repa

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Bankbilanzierung und Bankprüfunghe withholding of produce from the market as well as in political disorders. In economic terms, the problems of peasant agriculture arose from the fact that it was undercapitalized, labor intensive and low in productivity. But to the peasant the problem seemed to lie entirely in his lack of enough l

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Begriffliche und theoretische Grundlegung, debts. Farmers found their burden of debt lightened while prices for their products rose. People who had bought war bonds suffered because inflation diminished the value of these bonds, while governments were relieved of much of the domestic debt they had built up during the war—it amounted to unan

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,Bankbuchführung in programmierter Form,by the printing of new currency, and as the volume of notes in circulation increases, they lose value by the day or hour, the currency turns into worthless bits of paper, and trade is destroyed. Two famous examples are the Austrian inflation in 1922, when the krone fell from 11,000 to the dollar on

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Erich Herrling,Rudolf Mayländervernment decided to support reconstruction with the full resources of public finance, and the Law on the Reparation of Damages Caused by Acts of War of 1919 is evidence of the broad manner in which that task was defined. By the end of 1924, the total cost of reconstruction in the devastated region h

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Economic History of Europe: Twentieth Century978-1-349-00298-6Series ISSN 2947-1508 Series E-ISSN 2947-1516

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2947-1508 Overview: 978-1-349-00298-6Series ISSN 2947-1508 Series E-ISSN 2947-1516

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https://doi.org/10.1007/978-3-8349-9992-4pean economy an ideal construction of human effort. Economic stability, security, and progress, which were so lacking after 1914, stood out as the dominant characteristics of the earlier age. John Maynard Keynes’s famous description of “Europe before the war” captures this attitude and many of the qualities of the economic life of that era.

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Introductionpean economy an ideal construction of human effort. Economic stability, security, and progress, which were so lacking after 1914, stood out as the dominant characteristics of the earlier age. John Maynard Keynes’s famous description of “Europe before the war” captures this attitude and many of the qualities of the economic life of that era.