Wall Street Crash 🚗💥 Flashcards
When was the Wall Street Crash?
October 1929 in the USA
What caused the Wall Street Crash?
Worst fall in shares prices ever, millionaires went bankrupt
How did the Wall Street Crash effect Germany?
Germany were very dependent on USA, broke the reparations triangle, trade decree by 61%
How did the right wing react to Wall Street Crash?
Hitler had been vindicated, increase in votes
What happened to Muller’s Grand Coalition?
Muller’s Grand Coalition (longest one) collapsed over unemployment because of WS Crash
What two things did Muller’s Grand Coalition reach a deadlock on?
SPD wanted to raise taxes and DVP wanted to reduce spending
What happened to the industry?
industrial output decreased by 50% from 1928-32
How many people went unemployed?
6 million by 1932, nearly 1/3 of workforce
