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Episode 35: The Economy of the 1920's
Manage episode 283835950 series 2842742
In this episode we learn how the banking system was set up in Estonia in the 1920's to offer loans. It gave way too many loans and many defaulted on their debt leaving the state in a financial bind. Eventually, with the help of western countries the debts were restructured and the Eesti Kroon is finally introduced.
83 episoder
Manage episode 283835950 series 2842742
In this episode we learn how the banking system was set up in Estonia in the 1920's to offer loans. It gave way too many loans and many defaulted on their debt leaving the state in a financial bind. Eventually, with the help of western countries the debts were restructured and the Eesti Kroon is finally introduced.
83 episoder
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