The stimulative policies allowed Germany to escape the global contraction and enjoy relatively strong economic conditions. Between 1919 and 1921, industrial production increased by 75 percent! However, as you can see in the charts below, levels of economic activity remained extremely depressed (e.g., industrial production and real GDP were still well below 1913 levels), and there was considerable poverty and suffering in German society. This period should be understood as one of growth within a larger period of economic contraction.
