explain any three impacts of great economic depression in Germany
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Impact of Great Depression in Germany
Explanation:
- Germany got worst affected by the Great depression.During the late 1920's there was a growth in industries in Germany. U.S.A was the highest importer of German industrial goods. But by 1930's there was a slow demand in Industrial goods as the Great Depression had affected most of the powerful countries of the time.
- The US financial companies had stopped giving loans. Since Germany was not economically stable and most of the firms in Germany were closed due to financial crisis.
- Unemployment and shortage of food started.
- Children began to die because of malnutrition and food deficiency issues.
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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
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