Stayed the same overall 50 billion Marks but Germany only had to pay 1 billion Marks per year for the first 5 years and 2. Reduced the total amount by 20 per cent.
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Germany was to pay 2 billion Marks per year, two thirds of which could be postponed each year if necessary. Germany was loaned million Marks from the USA. By industrial production levels were higher than those of before World War One. But… agricultural production did not recover to its pre-war levels.
Between and exports sending goods or services abroad rose by 40 per cent. But… it spent more on imports than it earned from exports, so Germany was losing money every year. Hourly wages rose every year from to and by 10 per cent in alone. But… unemployment did not fall below 1. IG Farben, a German chemical manufacturing company, became the largest industrial company in Europe. But… German industry became dependent upon loans from the USA.
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