How did great depression affect German and Europe
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The Great Depression severely affected central Europe. The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%. By November 1939, every Europeancountry had increased tariffs or introduced import quotas
The economic situation in Germany briefly improved between 1924-1929. However, Germany in the 1920s remained politically and economically unstable. The Weimar democracy could not withstand the disastrous Great Depression of 1929. The disaster began in the United States of America, the leading economy in the world.
The economic situation in Germany briefly improved between 1924-1929. However, Germany in the 1920s remained politically and economically unstable. The Weimar democracy could not withstand the disastrous Great Depression of 1929. The disaster began in the United States of America, the leading economy in the world.
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