how was the German lives effected form the Great Depression in 1929-1932 Flashcards
when did the wall street crash occur and where did it happen
1929
hppened in the USA
what was one effect from the great depression
Unemployment
how did unemployment happen from the GD.
Firstly banks in the USA stopped loans to Germany
Next German industries lost finance and laid of workers
German government had no money so reduced unemployment benefits
- citizens lost faith in democracy
1932- 40% were unemployed
what was the percentage of unemployed citizens in 1932
40%
What percentage of German exports had risen
40% of exports had risen
world trade had fallen by 60%
what did Hindenburg do during the WSC.
used article 48- by pass the Reichstag
this weakened the Weimar republic
loosing faith in democracy
what are three effects from the Great Depression
Business collapsed
unemployment soared- couldn’t afford to pay for their life style
unemployment benefits reduced by the government
banks closed
who was effected by the wall street crash
citizens- lost jobs unemployment
American bankers
business men
both lost large amounts of money
industries and farms had to cut down production or close completely
What was the number of unemployment between 1929-1932
5.1 million
40% fall in industry output
what effect did the wall street crash have on people who were already unemployed
people who were unemployed became poorer
they could not afford to buy as much
this then effected industries as sales went down as people could not afford to by as much.
as sales went down —- more workers went unemployed as companies could not longer afford to pay them from lack of profit being made.
what did German banks get asked to do and why
because American banks and business owners were in debt they asked German banks to repay the money they had borrowed
this resulted in economic collapse
