Summary 5 - The economic impact of the depression Flashcards
How much did industrial production fall between 1929 and 1932?
58%
During the depression, how much did Germany’s export trade decline?
61%
What proportion of German workers were registered as unemployed in January 1933?
One third
Between 1929 and 1932, the volume of world trade fell by what percentage?
70%
At the peak of the depression, how many people were unemployed in Germany?
6 million (potentially as many as 8 million)
What happened to wages during the depression?
Wages significantly decreased for most workers
How many businesses went bankrupt between 1930 and 1932?
50,000
What was the impact of the depression on agriculture?
Agriculture had already been in decline since 1927. However, the depression meant that prices fell further, export markets declined and more farmers were forced to give up their farms.
