<Tr> <Td> </Td> <Td> This article does not cite any sources . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (November 2007) (Learn how and when to remove this template message) </Td> </Tr> <P> The Great Depression severely affected Central Europe . The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40% . By November 1949, every European country had increased tariffs or introduced import quotas . </P> <P> Under the Dawes Plan, the German economy boomed in the 1920s, paying reparations and increasing domestic production . Germany's economy retracted in 1929 when Congress discontinued the Dawes Plan loans . This was not just a problem for Germany . Europe received almost $8 billion USD in American credit between 1924 and 1930 in addition to previous war time loans . </P> <P> Germany's Weimar Republic was hit hard by the depression as American loans to help rebuild the German economy now stopped . Unemployment soared, especially in larger cities . Repayment of the war reparations due by Germany were suspended in 1932 following the Lausanne Conference of 1932 . By that time, Germany had repaid 1 / 8 of the reparations . People were devastated about how the Weimar Republic dealt with the economy . </P>

The effect of the great depression on europe