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The German economy was indeed severely hindered by the harsh terms of the treaty following World War I.
True
The statement is true. The German economy was severely hindered by the harsh terms of the Treaty of Versailles following World War I. The treaty imposed heavy reparations, limited Germany's military capabilities, and placed restrictions on its economy, leading to economic turmoil and hyperinflation.
After World War II, Germany faced challenges in rebuilding its economy under a mixed market approach, transitioning from a state-controlled economy to a social market economy to ensure both economic growth and social welfare.
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