9. The Impact of the Depression of 1929 (S3) Flashcards
What was the Wall Street Crash?
The collapse of the stock market in New York in October 1929
Why did this affect Germany?
They took loans from America, which were recalled so the German economy suffered too as they didn’t have enough to give back to them.
What happened to Germany’s export trade
it declined by about 60% after the crash
What is Germany in a greater position than Britain or worse?
worse-industrial production fell by about 60% in Germany but only about 10% in Britain
What happened to banks and businesses?
Many became bankrupt as they lost investors and customers
How many people in 1932 are registered as unemployed?
Set of German workers but many like women were not even counted in this figure
What is the estimated number of unemployed people in 1933?
Around 8 million
How did farmers suffer?
Prices of food fell as exports of the produce causing that income to decline
What happened to welfare benefits?
They have to be limited as too many people needed them
Name one with the government try to regulate this
- The unemployed were paid only temporarily
- Women were given less than men
Name 2 conditions of living during the Depression.
- Diseases linked to poor living conditions thrived
- Increase of shanty towns
- Poverty and malnutrition
Why did the rates of juvenile crime increase?
Rates of unemployment increased so young people had nothing else to do other than join gangs and steal or fight.
What sort of organisations did they join?
Political extremist organisations like the KPD, Hitler Youth and the SA.
What did the government try to do to help the youth? Give 2 examples.
- They established day-centres with activities
- Emergency Labour Schemes meant unemployed youths could be paid a small amount to work
- Voluntary labour schemes to send people to residential work camps for training
How was women’s employment affected by the depression?
Married women were dismissed from Civil Service jobs.
