The Depression

?

What Was the Depression?

From 1924 onwards, foreign banks, especially American ones, lent large amounts of money to Germany to build factories and businesses etc. This created more jobs, more money and a better standard of living,

In October 1929, a financial crisis known as the Wall Street Crash, hit the USA. American banks and companies went out of business and millions lost their jobs. This was the Depression.

1 of 1

Comments

No comments have yet been made

Similar History resources:

See all History resources »See all The Depression resources »