Question

Explain the impact of Great Economic Depression on germany

Answer 1

Germany before 1800 was heavily rural, with some urban trade centers. In the 19th century it began a stage of rapid economic growth and modernisation, led by heavy industry. By 1900 it had the largest economy in Europe, a factor that played a major role in its entry into World War I and World War II. Devastated by World War II, West Germany became an "economic miracle" in the 1950s and 1960s with the Wirtschaftswunder, triggered by a newly modernized economy under the strict guidance of Germany's then Chancellor Konrad Adenauer and his Minister of Economics Ludwig Erhard and aided by the Marshall Plan, among other factors. Currently it is the largest individual economy in the EU with GDP of roughly 3 trillion USD.[1]

Answer 2

The Great Depression affected Germany's people greatly. Shortly after losing WWI Germany was forced to pay war reparations to the allies for the war and was in economic strife. The Great Depression happened not long after the allies victory and it greatly hurt the German population.