July 14, 1931 (May 29), Xinwei, the economic crisis in Germany, a number of bank failures.

1931, 14, 2007. In Germany, (Lssdjt.com), a severe economic crisis, the number of bank failures nationwide. The outflow of capital, the depreciation of the mark in Germany, unable to pay its debts.
New York Federal Reserve Bank to provide some help, the bank announced that it is permitted to part of a $ 100,000,000 debt has expired may be extended repayment. The other banks in the international political solution to this crisis moment. One of the proposals shows that Germany, except for the needs of foreign trade, otherwise do not out payment Mark, to do so will lead to the overseas accounts of German Mark, but to do so, many German workers are not welcome.