Impact Of The Great Depression
- Created by: bungee100
- Created on: 01-06-17 13:43
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- Impact Of The Great Depression
- Production Fell
- Unemployment rose and wages fell by 20-30%
- Coalition Collapsed
- Brunings policies brought deflation but avoided devaluing the currency
- 1 July 1931 - Hoover Moratorium suspended the need for German repayments for a year.
- December 1931 Bruning introduced wage cuts, rent cuts and tax rises.
- Unemployment rose to its highest level ever in 1932
- May 1932, Bruning replaced by von Papen
- Von papen introduced tax conssesions and subsidies for businesses that created jobs.
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