failures

• agricultural production did not recover to pre-war levels, and Germany spent more on imports than it received in exports, losing money every year
• unemployment did not fall below 1.3 million and in 1929, it increased to 1.9 million. the german industry became dependent on American loans
• the government spent more than it received in taxes, running deficits from 1925 onwards
• nationalist opposition caused divisions in germany and right-wing power increasing, people argued they should refuse rather than compromise. germany fully dependent in American loans