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It is the world's fastest-growing free zone and has been nominated as "Global Free Zone of the Year 2016" by The Financial Times Magazine. Dubai is also known as the City of Gold because a major part of the economy is based on gold trades, with Dubai's total gold trading volumes in H1 2011 reaching 580 tonnes, with an average price of US$1,455 ...
Germany responded with a policy of passive resistance and supported the idled workers by printing additional money, spurring the onset of hyperinflation. [125] The immediate crisis was solved by the 1924 Dawes Plan, an international effort chaired by the American banker Charles G. Dawes.
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