Wall Street Crash and Depression

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  • Created by: Cheyenne
  • Created on: 03-05-13 19:07
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  • The impact of the Wall Street Crash and Depression in Germany
    • Dawes Plan 1924
      • Rescued Germany from the financial crisis of 1923
      • Gave Germany longer to pay the reparations
      • Dawes agreed to America lending Germany 800 million gold marks  which kick-started the German economy.
      • 1923-1929 was a time when the economy boomed and cultural life flourished in Germany.
    • Wall Street Crash-October 1929
      • Germany was hit badly because America were in no position to lend any more money (for loans)
      • Gustav Stresemann, the most able minister in the Government, died shortly before the Crash.
    • Depression
      • Impact on the people of Germany
        • People became dependent on charity food and soup kitchens
        • Unemployment rose up to 6 million by 1932
      • Weimar Government
        • Heinrich Bruning became German Chancellor in 1931
          • He raised taxes as well as reducing unemployment benefit and the wages of public officials.
        • Socialist Democrats withdrew from the coalition in protest of the policies
        • 84 year old President Hindenburg started ruling under Article 48 by emergency decree

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