The Wall Street Crash Flashcards
Who died on the 3rd of October 1929?
Gustav Stresemann
What caused the Crash, what did this lead to?
Over production which led to the price in shares decreasing
What was the date of the Wall Street Crash?
24th October 1929
What per cent of university graduates could not find work?
60%
What per cent of factory workers were out of work in 1932?
40%
What per cent of young people were unemployed in Germany in 1932?
50%
Why were the people angry at the Government?
They cut unemployment benefits
What did Hitler promise the unemployed?
Food, work and freedom.
How did the Nazis help the poor?
They set up soup kitchens
How may people were unemployed by 1932?
1 in 4 Germans, 6 million
What was the age range of the young people who were unemployed?
16-30
What happened to the middle class after the WSC?
Lost money, their investments or business loans had been recalled, taxes went up and banks had to shut down
What happened to the farm workers after the WSC?
They hadn’t done well in the 1920s, the agriculture had suffered causing them to sell their land, in the 1930s farmers were in debt.
What did the Wall Street Crash cause?
Germany’s Great Depression
What loans did the USA recall after the Wall Street Crash?
The Dawes plan and the Young plan
