Impact of the Depression
- Created by: Vader26
- Created on: 14-03-22 09:13
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- Impact of the Depression
- Causes
- The USA had loaned a lot to Germany in the previous 5 years to help its economic prosperity
- When America's stock market collapsed in 1929 they withdrew the loans
- Stresemann died on 3rd Oct 1929, and many Germans he was the only person who could steer them through
- The USA had loaned a lot to Germany in the previous 5 years to help its economic prosperity
- Effects
- German exports fell dramatically as international trade declined
- Some Germans were unable to pay rent and ended up on the street
- The chaos made people in favour of the Nazi Party
- By 1932 the total unemployment figure exceeded 6 million
- Political
- Chancellor Muller was replaced by Heinrich Bruning of the Centre Party
- Bruning did not have a majority and relied on Hindenburg using Article 48
- Considered death of parliamentary democracy
- Called a general election in Sep 1930 and Nazis won 107 seats (2nd biggest)
- Resigned in May 1932
- Bruning did not have a majority and relied on Hindenburg using Article 48
- Bruning reduced government spending and became known as the Hunger Chancellor
- Turmoil caused extremist parties to become more and more violent
- Chancellor Muller was replaced by Heinrich Bruning of the Centre Party
- Food shortages (3rd in 16 years)
- Causes
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