Reichsbank credit tightening and credit crunch
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- Princes of the Yen whole source · open book
The first phase of credit tightening, between 1924 and 1926, was followed by an even worse credit crunch in 1931. In both periods, thousands of firms failed to obtain funding and went bankrupt.
chapter: 19. The Revival of the Reichsbank
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- Richard Werner author of the source