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ECONOMIC CRISIS

ANXIETY IN GERMANY.

FOOD QUEUES IN BERLIN. (United Press Assn.—Telegraph Copyright.) Berlin, November 7. While the Nazis are reviving the military pomp of pre-war days, the financial and economic situation is becoming worse and a heavy depreciation of the mark is reflected in unofficial foreign quotations, causing the gravest anxiety.

This is partly due to new laws excluding Jews from commerce and depriving them of the proceeds of the sale of their businesses; consequently currency smuggling is increasing as the Jews otherwise fear the loss of whatever capital they possess. The Reichsbank is unable to buy the marks offered for sale in foreign centres. The gravity of the economic crisis has been driven home by the fact that in the main streets there are long butter and other queues, recalling the early days of Soviet Russia.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ST19351109.2.36

Bibliographic details

Southland Times, Issue 22734, 9 November 1935, Page 5

Word Count
138

ECONOMIC CRISIS Southland Times, Issue 22734, 9 November 1935, Page 5

ECONOMIC CRISIS Southland Times, Issue 22734, 9 November 1935, Page 5

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