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Economic developments
economic state
optimism
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Created by
Yassin Hafez
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Cards (4)
working days lost due to strikes decreased from
27
(
1921
) to
12.35
in
1923
, and then 6 in
1925
.
the annual
budget deficit
as a percentage of
GNP
fell drastically from over
22%
in
1923
to under
1%
in
1924
.
coal
,
steel
, and industrial production all increased after
1923
. there were also falling
agricultural
prices that were good for
consumers
monthly
revenue
from
foreign loans
was greater than
reparations
payments (
18k
>
11k
), and there were lower levels of unemployment.