Rise of Nazis: Economic + Political Crisis in germany, 1929 - 1933
- Created by: Benlhunt
- Created on: 04-06-16 18:56
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In 1928 the Nazis were a small party, but in 1932 - 37% of vote. Economic crisis made the Nazis more appealing
Economic Impact of the WSC (1929)
US economy experienced depression - german economy heavily dependent on US loans, therefore in Germany:
- National income shrunk by 39% 1929-1932
- Industrial production declined by more than 40%
- Unemployment rose to 6 million by 1932
- 50,000 businesses bankrupt
- 1931, banking crisis - 5 major banks went bankrupt
- Living standard vastly decreased - desperation
Political Impact of the Great Depression
- Grand…
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