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[The history of the German business system from 1920 to 1990 can conveniently be grouped into four periods. The first, from 1919 through the 1920s, was the painful period of demobilization and conversion after Germany’s defeat in World War I. Terms of the Allies’ peace treaty forced overnight redirection of the German economy from its more than 90 percent involvement in war-related production to a peacetime economy under the short-lived Weimar Republic, which was Germany’s first attempt at parliamentary democracy. The second period, which roughly corresponds to the decade of the 1930s, saw German commerce and industry undergo for the second time a complete transition from a peacetime economy to a full war footing under Adolph Hitler and the Nazis.]
Published: Dec 17, 2015
Keywords: Heavy Industry; German Economy; Peace Treaty; Comparative History; German Industry
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