Question

Explain how the great economic depression affected the germany economy

Answer 1

The Great Depression affected all capitalist economies in the world. American banks immediately withdrew the loans they had made to Germany. Businesses closed, unemployment rose and inflation was rampant. German money had so little value, that it might take a wheelbarrow full of notes to buy a few groceries

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Answer 2

-It had an adverse effect on the economy of Germany and nearly crippled the Germany economy.

- by 1932 industrial output fell by 40percent of the 1929 level. Workers lost their jobs. Number of unemployment touched by 8/6 million.

- the middle class lost its savings they feared destitution and poletarisation.

- the unemployed youth took to criminal activities.