the depression Flashcards
when did the wall street crash occur?
In 1929, the Wall Street Crash occurred in the USA, causing banks to lose billions of dollars.
how did it impact germany
US banks stopped loans to Germany, causing German industries to lose finance and lay off workers.
America also called in loans from abroad
By 1932, 40% of workers in Germany were unemployed.
roughly 5.8 million workers
The German government had no money, so it reduced unemployment benefits.
The combination of factors led to families suffering and losing faith in democracy.
In 1933 over half of all Germans between the ages of 16 and 30 were unemployed. 60% of university graduates could not get a job.
List 5 areas of the German economy that were affected by the Great Depression.
employment
industry
agriculture
banking
welfare
List 5 ways that unemployed people tried to cope.
Sold their possessions
Relied on churches for charity
Children joined gangs and turned to petty crime
There was an increase in sex work
Give 2 figures on industry/ industrial production.
In 1932 industrial production was half of its 1928 levels
Around 50,000 German firms closed between 1929 and 1932
No, therefore exports also fell by 55%
banking
5 major German banks closed in 1931
The Great Depression 1929-32.
How did it weaken the Weimar Republic?
The rise of extremism.
To many Germans thought that the Weimar government were hopeless. The Nazis blamed everyone that the people did. Nazis and communist supporters fought regular battles. To appeal to as many Germans as possible they made a lot of promises: Higher food prices for farmers, close department stores for middle-class men, and to rip up the Treaty of Versailles.
The amount of votes the Nazis were receiving in elections, early 1932
37% votes, unemployment at 6 million. The great depression at its highest. In desperate times people listen extreme views.
at the end of the depression their votes started to drop slightly
