Question

Explain the impact of Great Economic Depression on germany

Answer 1

Economic Depression and its impact on Germany  

1.      The years between 1924 and 1928 USA gave short-term loans to Germany. This support was withdrawn when the Wall Street Exchange crashed in 1929 in the USA.

2.      Fearing a fall in prices, people made frantic efforts to sell their shares. On one single day, 24 October, 13 million shares were sold. This was the start of the Great Economic Depression in the USA.

3.      The German economy was the worst hit by the economic crisis. By 1932, industrial production was reduced to 40 per cent, Workers lost their jobs, and number of unemployed touched an unprecedented 6 million.

4. Germans hung  placards  around  their  necks saying, Willing  to  do  any  work.

5.      Unemployed  youths  took  to criminal activities and total despair became  common place. The middle  classes,  especially  salaried  employees  and  pensioners,  saw their  savings  diminish when  the  currency  lost  its  value.   

Hope it will helps you:-)

Answer 2

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