chapter 9 - the impact of the depression of 1929 Flashcards
unemployment
1932 - 1/3 of all germans were unemployed
only recorded those who registered as unemployed
jan 1932 - true number of those unemployed = 8 million
farmers
prices collapsed
exports of agricultural produce declined
sales of food declined as germans had less money to spend
farmers gave up farmers banks demanded repayments of loans
unemployment rates among young people
in hamburg
aged 14-25
males = 39%
females = 25.2%
youth crime
fears that youth involvement in crime was increasing and young men were being drawn to extremist political organisations
political extremism - young people
kpd - recruit working class youths from wild cliques to join political demonstrations
right - paramilitary organisations set out to recruit unemployed youths
nazi - offered food, shelter, uniforms and excitement of fighting street battles
was youth membership stable?
youth membership was not stable and majority of young unemployed males still had little to no contact with political extremes
girls and young women = less involved
day centres
participate in work related activities and socialise
emergency labour schemes
undertake unskilled manual labour receiving wages that were below legal minimum
voluntary labour schemes
sent away from cities to residential work camps for periods of 6 months
date of Wall Street crash
29th October 1929
black thursday
24th october 1929
new york stock exchange experienced worst ever fall in shares
value of largest american companies fell by 10 billion dollars
decrease of germanys export trade
61%
decrease of germanys industrial production
58%
true number of unemployed in 1933
8 million
1932
1/3 of all germans were unemployed