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August 1, 2025
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1 Jan 1931 Jahr - Failure of Credit Anstalt (Austria)

Beschreibung:

Credit Anstalt lost 85% of its equity, causing a series of bank runs (depositors pulling their money out) in Hungary and Germany.
Hoover (US Pres.) tried to stop by allowing war debts to be suspended for a year but this didn't work

Zugefügt zum Band der Zeit:

Datum:

1 Jan 1931 Jahr
Jetzt
~ 94 years ago