Impact of the Wall Street Crash on Germany Flashcards
When was the wall street crash
1929
Why did it the wall street crash affect Germany
Germany relied on loans from America for its recovery, when the WSC happened America recalled all of its loans and Germany were forced into a depression
What happened to unemployment figures after the WSC
3.5 million in 1930
6 million in 1932
how were farmers, workers and the middle class affected
Farmers suffered from the decline in exports, could not sell goods
Workers suffered from unemployment
Middle class suffered from the failure of the banks meaning they lost all their savings
Who was the chancellor at the time of the WSC
Bruning
What nickname was given to Bruning and why
Hunger Chancellor
He wanted to cut government spending therefore starving the Germans of money
What happened as a result of Brunings ideas
Social democrats withdrew from Government
President Hindenburg stepped in and used article 48 to support Bruning
This made the Weimar republic appear democratic