The German economy was the worst hit by economic crisis in 1929 elaborate
Answers
Answered by
118
1.The German economic was the worst hit by the economic crisis.By 1932,industrial production was reduced to 40 percent of the 1929 level.
2.Workers lost their jobs or were paid reduced wages.
3.The no. of unemployed touched an unprecedented 6 million.
4.Unemployed youths played cards or simply sat at street corners or desperately queued up at the local employment exchange.
5.As jobs disappeared,the youths took to criminal activities and total despair became common place.
2.Workers lost their jobs or were paid reduced wages.
3.The no. of unemployed touched an unprecedented 6 million.
4.Unemployed youths played cards or simply sat at street corners or desperately queued up at the local employment exchange.
5.As jobs disappeared,the youths took to criminal activities and total despair became common place.
Answered by
15
The reason for the German economic crises in 1929 given below:
Explanation:
- Germans economy crashed in 1929 because of the loans they were taking from America since 1924 stopped.
- America entered into depression in 1929 when its stock market shut down. People lost all money in their banks along with their jobs as companies shut down.
- Germans industrialist and the government relied on the financial aid they receive from the USA to pay the reparation to the Allied.
- The country sunk into depression with high unemployable. All this led the people to turn their backs to the present government and gave the Nazi party to stand in front.
Learn More:
Discuss the impact of economic crisis in 1929 on Germany
https://brainly.in/question/5098749
Similar questions