Sentences with phrase «disastrous trade war»
Nor were there any immediate signs of a disastrous trade war.
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The Weimar Republic's disastrous monetary policy and resulting hyperinflation following The Great War reached a crescendo in 1923 when a single U.S. dollar traded for 4.2 trillion German marks.
The results were so disastrous that the trade war prolonged the Great Depression, contributed to the rise of Nazis and other fascist leaders, and sank US exports by 61 % from 1929 to 1933 before being repealed in 1934.