Wall Street Crash and Depression
- 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
- Heinrich Bruning became German Chancellor in 1931
- Impact on the people of Germany
- Dawes Plan 1924
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