Impact of the Depression on Germany Flashcards
1
Q
What happened in October 1929?
A
The Wall Street Crash
2
Q
What did this cause for the rest of the world?
A
An economic crisis
3
Q
What was Germany’s economic recovery built on?
A
loans from the USA
4
Q
How was this affected by The Wall Street Crash?
A
The USA couldn’t give out any more loans and needed their some of money back.
5
Q
What was caused by the loss of Americas loans?
A
Mass unemployment = 1.6 1929 - 6 million 1932
Unemployment benefits cut
Industrial production declining
