short note on the years of depression
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In this year Germany had to face problem in repay of loan. Due to war, worker lost there job and many people become unemployed. Thus, many have to face many problem related to the job in this year that is why this year called year of depression.
In this year Germany had to face problem in repay of loan. Due to war, worker lost there job and many people become unemployed. Thus, many have to face many problem related to the job in this year that is why this year called year of depression.
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Answer:
- the year between 1924 and 1928 saw some stability.
- German investment and industrial recovery were totally dependent on short term loan , largely from the USA .
- this support was withdrawn when the the Wall Street exchange crashed in 1929.
- on one single day, 14 October, 13 million shares were sold . this was the start of the great economic depression.
- over the next 3 years, between 1929 and 1932, the national income of the USA fell by half.
- this effect of this recession in the us economy were felt Worldwide
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