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The Great Depression, which began in 1929, resulted in the most serious disruption in European economic life since the advent of industrialization.
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Europe received almost $8 billion USD in American credit between 1924 and 1930 in addition to previous war time loans.
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The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%
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In 1939 the recession began to fall out, and people got back to there normal lives.