Discuss the impact of economic crisis in 1929 on Germany
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1.The German economic was the worst hit by the economic crisis.By 1932,industrial production was reduced to 40 percent of the 1929 level.
2.Workers lost their jobs or were paid reduced wages.
3.The no. of unemployed touched an unprecedented 6 million.
4.Unemployed youths played cards or simply sat at street corners or desperately queued up at the local employment exchange.
5.As jobs disappeared,the youths took to criminal activities and total despair became common place.
2.Workers lost their jobs or were paid reduced wages.
3.The no. of unemployed touched an unprecedented 6 million.
4.Unemployed youths played cards or simply sat at street corners or desperately queued up at the local employment exchange.
5.As jobs disappeared,the youths took to criminal activities and total despair became common place.
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The Great Depression was a long and extensive economic crisis, affecting most developed nations in the early and mid 1930s.
It was triggered by a stockmarket crash in New York City in 1929, then soon spread beyond the United States, crippling the economies of dozens of nations.
The impact of the Great Depression was particularly severe in Germany, which had enjoyed five years of artificial prosperity, propped up by American loans and goodwill.
Unemployment hit millions of Germans, as companies shut down or downsized. Others lost their savings as banks folded.
The dire conditions of the early 1930s led many German voters to abandon mainstream political parties and look to more radical alternatives, such as Adolf Hitler and the Nazi Party.
Hope it helps ☺
Here's ur answer ⬇️⬇️⬇️⬇️
The Great Depression was a long and extensive economic crisis, affecting most developed nations in the early and mid 1930s.
It was triggered by a stockmarket crash in New York City in 1929, then soon spread beyond the United States, crippling the economies of dozens of nations.
The impact of the Great Depression was particularly severe in Germany, which had enjoyed five years of artificial prosperity, propped up by American loans and goodwill.
Unemployment hit millions of Germans, as companies shut down or downsized. Others lost their savings as banks folded.
The dire conditions of the early 1930s led many German voters to abandon mainstream political parties and look to more radical alternatives, such as Adolf Hitler and the Nazi Party.
Hope it helps ☺
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