Why did the NSDAP become more popular after 1930? Flashcards
When was the Wall Street Crash?
1929
Where was the Wall Street Crash?
The USA
What did the Wall Street Crash start?
The Great Depression
Why was America plunged into an economic depression?
Because of an enormous fall in the value of shares
What did the enormous fall in the value of shares lead to in America?
Millions of unemployed and a huge drop in living standards
What was America’s response to the Depression?
To stop buying goods from other countries to protect its own business
Why did America stopping buying goods from other countries create a huge problem?
They were now less likely to buy and sell from other countries - most of the world’s countries traded with the USA as well as each other. This lead to world trade reducing dramatically
What impact did the reduction in world trade have globally?
Most countries’ economies were damged
What impact did the reduction in world trade have on Germany?
Reduced demand for Germany’s exports and many businesses had smaller profits
What happened as a result of many businesses having smaller profits?
They had to reduce their workforce which made unemployment begin to rise
Why did unemployment have a knock-on effect on other business?
More unemployment meant fewer people had money to spend and so businesses made less money - this created a vicious cycle
What did the Depression result in for businesses?
More and more businesses going bust and rapidly increasing unemployment
As a result of the Depression, living standards got better/worse
worse
As a result of the Depression, there was an increase/decrease in crime rate
increase
Unemployment increased by _ million in 1929-32 and many people were _______ from their homes
4 million and evicted
How many men were unemployed by the end of 1932?
6 million, 1/3 of men working age
What was Germany reliant on as a result of the Dawes Plan?
Foreign loans
Why was Germany being reliant on foreign loans a problem during the Depression?
When the USA demanded its money back, Germany was particularly badly affected
As a consequence of the USA demanding its money back, what state were German banks in?
They were in crisis
What could banks not do after the Depression?
Lend money to businessmen
What were banks running out of after the Depression?
Money
What did people do when they were fearful that banks would shut down?
Queue for hours to withdraw their savings, which further worsened the ability of banks to lend money