Explain the economic crisis in Germany (chapter-Nazism and rise of Hitler)
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Germany’s economy was in a mess when Hitler was elected Chancellor in January 1933. Hitler and Nazi propoganda had played on the population’s fear of no hope. Unemployment peaked at 6 million during the final days of the weimer republic – near enough 33% of the nation’s working population. Now Hitler decreed that all should work in Nazi Germany and he constantly played on the economic miracle Nazi Germany achieved.
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after the first world war Germany had to pay a huge amount to the allies power which Russia England and france. To repay they take very much of loan but then also they we're not able to repay them and also the moneylenders were asking for their money. so Germany printed paper currency recklessly to relay the amount to everyone and paper currency was printed in huge amount that the price if Mark (Germany currency) fell. This crisis was also hitted at the walls street exchange in United States of America.
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