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At the end of both world wars, both times due to hefty reparation fees forced upon them by the United States or her Allies (for example, at the end of the First World War, Germany was deemed responsible for the entire conflict, and was made to pay 132 billion Reichsmarks - Worth about $430 billion USD today).

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14y ago
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16y ago

Germany was hit hard in late 1929.

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Q: When was Germany in recession?
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