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babymother [125]
3 years ago
5

When did severe deflation happen

History
1 answer:
Marina CMI [18]3 years ago
6 0
The most severe deflation happened between 1930 and 1933
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For many European countries, with increase in inflation, they regretted going into war, and the fact that, despite a lot of lives and industrial properties that were wasted, they sill go back to even a poorer condition before the war. Therefore, for many European countries, postwar disillusionment creates changing of political system, which eventually led to political instability, and even gave rise to dictatorship in some cases.

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