Effects of Depression on Germany 1929-32

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  • Effects of Depression in Germany 1929-32
    • Loans Loss
      • America wanted loans to be repaid ~ Germany couldn't afford it
    • Bankrupt Banks
      • Banks thrown into crisis - customers withdrew funds
    • Less jobs ~ unemployment rose
      • 2 million unemployed by 1930
    • Broken Businesses
      • Prices and wages dropped - many businesses went bankrupt
    • Failing Farms
      • Family farms became bankrupt
    • Deadly Disease
      • Long lines of people queued for food, increasing spread of diseases
    • Political Problems
      • Weimar government unable to control situation
        • Communist party grew strongly
          • Hitler gains more power

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