Impact of the world economic crisis on Germany Flashcards
1
Q
What was the Wall Street Crash?
A
Collapse of share prices on NYSE in October 1929.
2
Q
What was there a decline in during the economic crisis?
A
Price of food
Raw materials
Imports in Nations
3
Q
How many in Germany were unemployed in 1929?
A
1.9 million
4
Q
Since when were the German finances in deficit?
A
From 1925
5
Q
What happened to American loans and investments?
A
They dried up and caused repayment for short term loans
