Effects of the depression
- Created by: owalesx
- Created on: 07-05-15 22:56
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- Effects of the depression
- Who was affected?
- farmers
- prices for food fell
- Business men
- businesses closed and incomes fell
- Factory workers
- 40% of all factory workers were unemployed by 1932
- Young people
- over half of 16-30 year olds were unemployed.
- farmers
- Housing
- large influx of homelessness - camps were set up.
- Weimar Government
- Social Democrats pulled out of coalition bringing article 48 into play. But the chancellor was old and was ruled by army and business leaders
- Brought in new unpopular policies such as raised taxes, cut wages and reduced nemployment benefits
- Rise of extremist parties because the current govt was failing - communist parties said the depression was proof that the capitalist system was doomed
- Who was affected?
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