Impact of the Great Depression Flashcards

1
Q

When was the Wall Street Crash?

A

October 1929

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2
Q

Why did the Wall Street Crash impact Germany?

A
  • American banks recalled the loans they had given to Germany as part of the Dawes Plan
  • The Crash triggered a worldwide depression leading to high unemployment in most developed countries
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3
Q

Who died just weeks before the Wall Street Crash?

A

Gustav Stresemann

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4
Q

What were some of the economic impacts of the Great Depression?

A
  • the middle classes lost their savings

- unemployment skyrocketed (Sept. 1929: 1.3m Jan. 1933: 6.0m)

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5
Q

What were some of the political consequences of the Great Depression?

A
  • people turned to more extreme parties, such as the German Communist Party (KPD) and the Nazi Party (NSDAP)
  • Bruning (Chancellor 1930-32) had to rule through emergency decree
  • Bruning eventually resigned in 1932, leaving a dangerous power vacuum
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6
Q

How many emergency decrees did Bruning issue in 1930?

A

5

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7
Q

How many emergency decrees did Bruning issue in 1932?

A

66

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8
Q

Why did Bruning have to rely on emergency decrees?

A

The coalition of parties in Bruning’s government couldn’t agree on how to respond to the economic crisis

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9
Q

What were some of the social consequences of the Depression?

A
  • the unemployed roamed the streets
  • some of the unemployed joined private armies
  • violence became commonplace on the streets of Germany
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10
Q

What part of the constitution did Bruning use to issue emergency decrees?

A

Article 48 (Bruning had to ask the president, Hindenburg, to issue decrees as he couldn’t pass laws through the Reichstag)

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