The Impact Of The Depression Flashcards
when was the wall street crash
24th October 1929
where was the wall street crash
USA
what was the impact of the wall street crash
- US banks lost billions of dollars
- global impact
what did the wall street crash cause in Germany
economic crisis
who did people turn to in Germany’s economic crisis? why?
extremist parties, such as Communist sand Nazis, for quick solutions
what happened bc of lower exports
by 1933 world trade had fallen by 60%
this got rid of an chance Germany had of success through exportation
what happened with loans
US banks recalled and stopped loans to Germany made under the Dawes Plan
what was unemployment like
industries laid off workers bc they had lost finance
by 1932 40% of workers were unemployed
why did poverty increase
German government reduced unemployment benefits which worsened unemployed lives
why did many people lose faith in democracy
many families lived in poverty
what were Nazi campaigns like
good and well organised
who were the Nazis funded by (campaigns)
millionaires like Krupp and Hugenburg
how did Hugenburg help the Nazis
he spread their message using his 53 newspapers
4 main objectives of the Nazis
- overturn Treaty of Versailles
- destroy communism
- eradicate jews
- achieve lebenstraum
lebenstraum
wanted to expand German territory in order to house population
