Germany slips into recession
Citations (1)
- Lords of Finance whole source · open book
It was the combination of the drying up of foreign credit due to high interest rates induced by the U.S. stock bubble and the residual lack of confidence among German businessmen following Schacht’s ill-fated strike against the stock market in 1927 that drove Germany into recession in early 1929.
chapter: 16. INTO THE VORTEX - 1928-29