3.1. The Depression Flashcards
When was the Wall Street Crash?
October 1929
What happened to US loans during the depression?
Stopped, and some banks started calling in Germany’s debts
Why was Germany reliant on America?
Largest export market
Dawes and Young Plans made Germany reliant on US loans to pay off reparations
How much did exports decline by between 1928-32 and why?
60%
Smoot-Hawley tariff agreement
How much did industrial output fall by between 1928-32?
58%
Greatest fall in Europe
What was the unemployment rate by 1932?
33% (5 million)
What major financial event happened in May 1931?
A major Austrian bank collapsed, plunging the Germa banking system into crisis
What did the Bruning government do to try and combat the depression?
Austerity
How were unemployment benefits limited during the depression?
Accessible for a fixed period, after which you would have to apply for local authority benefits which were less generous and strictly means tested
Given an example of a town more severely hit
Brand-Erbisdorff
Why was Brand-Urbisdorff more significantly hit?
Reliant on a single industry (glassworks), so when they closed, unemployment rose to 50%
What diseases increased?
Rickets
Tuberculosis
Child malnutrition
Suicide
What was youth unemployment in Hamburg?
39%
What happened to youth crime accusations?
Rose (600 tp 1,000 in Hamburg) but convictions remained the same
What were emergency labour schemes?
Unemployed youths would be required to undertake unskilled manual labour for a below minimum wage
