describe the impact of great economic depression on germany
Answers
Answer:
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. Wages of the employed workers were also reduced.
Answer:
1. The Great Depression was an economic slump sparked by the collapse of the New York stock exchange in 1929.
2.It devastated the US economy, caused unemployment to soar and created significant social suffering.
3. It hit Germany after US financiers halted or withdrew loans, fatally undermining the German economy and industries.
4. By 1933 more than 6 million Germans were out of work, while many families struggled to afford food.
5. The Weimar government’s response to the crisis was ineffective, and probably even worsened its effects.