The impact of the Great Depression - Germany
- Created by: Amy
- Created on: 17-02-14 10:07
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- WALL STREET CRASH, OCT 1929
- The Great Depression
- a worldwide economic recession triggered by the wall street crash
- Impact on Germany
- German businesses had to pay back loans to USA and couldn't get new ones. Markets dried up as nobody had the money to purchase German goods
- The German government couldn't borrow money from the USA and were blamed for depending on them. They refused to print money, so they increased taxes instead
- Government workers lost their jobs & wages reduced.
- Cuts to unemployment benefit
- Coalition gov made this difficult as they couldn't agree on what to do
- GERMAN PEOPLE
- Millions of workers & farmers lost jobs
- Young people were particularly affected by job losses
- Banks went bust & people lost their savings
- Families suffered poverty
- In 1928 0.8 million people were unemployed. In 1932 this had risen to 6 million.
- Millions of workers & farmers lost jobs
- The Great Depression
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