how did the great economic depression of 1929 affect the life of the people of germany
Answers
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.
Answer:
the support given by USA was withdrawn when the wall street exchange crashed in 1929. on a single day, 24 October, aproaximately 13million shares were sold. this was the start of the great economic depression. over the next years, between 1929 and 1932, the national income of USA fell by half. and the effects of this recession in the us economy were felt world wide (especially on Germany).
the German economy was hit worst by this economic crisis. by 1932, industrial production was reduced to 40% . workers started losing their jobs or were paid reduced wages. the number of unemployed touched 6 million. on the streets of Germany, men were playing cards, and some of were saying, "willing to do any work". As jobs started disappearing the unemployed youth started involving in criminal activities. the crisis created deep anxieties and fear in people. the middle class people saw their saving money dimnish as the value of German mark lost it's value. self employed people and small businessman' business got ruined due to this crisis. only organised workers could manage their conditions but unemployed was being unable.