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1914-18 borrowed
150 billion M
prices of food 1914-18
raised 200% → black market
feb 1919
1.1 mil unemployed
treaty of versailles reparations amount
£6.6 bil
coal production down
15% ½ iron ore lost
agreed in 1922
720 mil gold marks, 1450 mil in materials
gov services become more expensive
rail, postal
try to negotiate another deal
international investors lose confidence
