Analyse the impact of the great economic depression on Germany?
Answers
Answered by
19
Answer:
the great dipression affected all capitalist economies in the world. American banks immediately withdrew the loans they had made to Germany. Bussiness closed, unemployment rose and inflation was rampant. German money had so little value,that it might take a wheelbarrow full of notes to buy a few groceries.........
now u know after reading my answer what should you do......
thnx for giving me a opportunity to give you the answer of this question
Answered by
30
Impact of GREAT ECONOMIC DEPRESSION on Germany
- By 1932, industrial production was reduced to 40 per cent of the 1929 level.
- Workers lost their jobs or were paid reduced wages. The number of unemployed touched an unprecedented 6 million.
- On the streets of Germany you could see men with placards around their necks saying, 'Willing to do any work'.
- Unemployed youths played cards or simply sat at street corners, or desperately queued up at the local employment exchange.
- As jobs disappeared, the youth took to criminal activities and total despair became commonplace.
Similar questions