Depression Flashcards
When did wall st crash?
October 1929
How did the wall st crash impact Germany?
Americans were a large buyer of goods but when the depression hit they no longer bought goods from abroad so German businesses and factories shut down
How many people were unemployed by 1932?
6 million
How was the Dawes plan affected by the depression?
The American banks would no longer loan Germany money and some even asked for some of their loans back so German businesses wine bankrupt and people were left unemployed
What impact did the depression have on extremist parties?
People were angry at the Weimar government because of the unemployment and hunger but extremist parties like the nazis and communists promised radical solutions to all of their problems and that they would make Germany great again.
Why did the depression not lead to hyperinflation?
The Weimar government increased taxes and cut wages making people even more unhappy.