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Most people agree that if World War I never occurred, the Great Depression would not occur. However, does the Great Depression still occur if the Central Powers win WWI? For some clarification, here’s the POD. Germany wins the Battle of Verdun, leading to Falkenhayn not being discredited and remaining in power. Because of this, unrestricted submarine warfare does not continue in 1917, meaning America doesn’t declare war. Germany knocks Italy out after Russia is defeated, and then plans the Kaiserschlacht to perfection, knocking France out, leading to a CP Victory with Germany dominant in the East with Brest-Litovsk gains and taking virtually all of France’s colonies except for Algeria, Tunisia, Madagascar, and French Guiana. AH and Ottomans also get some territory from the end of the war. Does the Great Depression still occur if the Central Powers win WWI under these conditions?
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