describe economic crisis in Germany
Answers
Germany was largely dependent on loans from the US for economic development, but in 1929 the Wall street exchange crashed.
Fearing fall in prices people sold all their shares. In one day 30 millon shares were sold.
Germany started printing their currency the mark carelessly and first 1 dollar was equal to 12000 marks then slowly it grew.
Sympathy grew for people by seeing photos of people carrying cartloads of money to buy a single loaf of bread.
Unemployment rates were very high.
Small businessmen, self wmployed etc started fearing unemployment.
Elders and people saw their saving diminsh before them.
Proletarianisation was filled in people.
People wore placards saying willing to do any work.
The youth scavenged for work, soon youngsters were seen playing cards at ckrnwrs and doing criminal activities
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The government was unable to deal with the economic crises left by the war . in 1923 , france occupied the ruhr valley , the Heartland of German industry because Germany was unable to pay war reparations demanded by the treaty of Versailles ..... however , Germany in the 1920s remained politically and economically unstable
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