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Germany got out of the crisis with the introduction of the ____ by the American intervention.

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Detailed Solution

Germany got out of the crisis with the introduction of the Dawes Plan by American intervention. The economic crisis of 1923 in Germany crushed the economy of Germany completely. The value of the German Mark fell, and the prices of goods in the markets soared. Germany was going through the process of hyperinflation. Hyperinflation may be described as a situation when the prices rise phenomenally high. Thus, Germany bailed out of the crisis only after the American intervention and the introduction of the Dawes Plan. The plan reworked the terms of reparation and eased the financial burden that was put on Germany.

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