how can world wide economic crisis affect the society? analyse this situation in germany
Answers
The economic crisis created deep anxieties and fear in people.Mainly the middle classes like small shop keepers,retailers etc.These sections of people under gone in pauperisation.The woman cannot fill the stomachs of children.There was a great sharp fall of agriculture in Germany. Many youths were participated in crimes.
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Answer:
(i) The Germany’s economy was worst hit by economic crisis.
(ii) Industrial production was reduced to 40 per cent.
(iii) Workers lost their jobs and the number of unemployed reached six million.
(iv) On the streets of Germany, men could be found with placards saying, “Willing to do any work”.
(v) As jobs disappeared, the youth took to criminal activities.
(vi) The economic crisis created deep anxieties and fears in people.
(vii) The middle classes, especially salaried employees and pensioners, saw their savings diminish when the currency lost its value.
(viii) Small businessmen, the self-employed and retailers suffered as their businesses got ruined.
(ix) These sections of society were filled with the fear of ‘Proletarianisation’, an anxiety of being reduced to the ranks of the working class, or worse still, the unemployed.
(x) Only organised workers could manage to keep their heads above water, but unemployment weakened their bargaining power.
(xi) Big business was in crisis.
(xii) The large mass of peasantry was affected by a sharp fall in agricultural prices and women, unable to fill their children’s stomachs, were filled with a sense of deep despair
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