The Great Depression Of 1929 And The Effects On Germany Flashcards
Who lent money to the Weimar government to help The German economy to recover after WW1?
The USA which was the leading economy at the time.
What happened in 1929?
An economic disaster began in the USA. The American economy was controlled by the stock market in the city of New York. The Wall Street stock market collapsed. This meant that all the stocks that people bought no longer had any value and thousands of people lost all money that they invested. When the stock market crashed so did the American economy.
What was the Great Depression?
When the Wall Street Market crashed it was the start of the Great Depression. The price of goods became very high, and no-one could afford the inflated prices.
How was America affected by the Great Depression?(4)
- Banks Closed
- Factories Closed
- Workers lost their jobs
- inflation rose
What happened to Germany when the USA asked for its money back?
Germany was unable to pay back the money. Asa result, more German businesses collapsed and more and more people became unemployed.
