Describe the effect of great economic depression in Germany?
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- Great Depression led to economic crises in Germany.
- By 1932, industrial production was reduced to 40 percent of the 1929 level.
- As a result, jobs were cut and many workers became unemployed.
- The savings of the middle class and salaried employees reduced drastically due to the depreciation of the German currency.
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- The German economy was the world's hit by the economic crisis.
- By 1932, industrial production was reduced to 40 per cent of the 1929 level.
- Workers lost their job or were paid reduced wages.
- The number of employed touched an uppreadented 6 million.
- On streets of Germany you could see men with placards around their neck saying. Willing to do any work.
- The youth to the criminal activities and took despair became common place
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