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1925: German Economic Life
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The German economy progresses slowly with appreciable success, coming out of the chaos of 1923. In 1924, the production of certain industries improved, although others have to struggle with the unfavourable circumstances for sale, such as the shortage of credit and sales hampered by the country’s poor purchasing capacity. The tool industry, of the most important, was occupied in February with only 75% of its production capacity. High taxes have …
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