the Great Depression class 9
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The Great Economic Depression was one of the worst hit economic downturns in history of the industrial world.
It lasted from 1929 to 1939.It started with crash of world market in 1929 october which sent wall street into panic and wiped out millions of investors.
Reasons for Great depression-
1)Stock market crash 1929
2)Bank failures
3)reduction in purchasing across the board
4)American helping policy with Europe
5)drought conditions
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Answered by
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Hey there ! ☺✌
1⃣The Great Depression of 1929 - 1934 had a rippling effect all over the world. It aggravated the economic crises in Germany and nearly crippled German economy.
2⃣German investments and industrial recovery leading to economic stability between 1924 - 1928 was built on short term loans largely from USA. This support was withdrawn when the Wall Street Exchange crashed I'm USA in 1929 .
3⃣In Germany by 1932 industrial output fell to 40% of the 1929 level.
4⃣As jobs disappeared unemployed youth took to criminal activities.
5⃣The crisis created deep anxieties among the middle class who feared destitution and proletarianisation.
6⃣Women were severely affected and worried for their hungry children.
7⃣It was during this period that Nazi party which was no more than a conspiratorial group became a mass movement.
8⃣The depression contributed to the rise of Hitler and establishment of dictatorship in Germany.
Hope it helps you ! ✌✌
1⃣The Great Depression of 1929 - 1934 had a rippling effect all over the world. It aggravated the economic crises in Germany and nearly crippled German economy.
2⃣German investments and industrial recovery leading to economic stability between 1924 - 1928 was built on short term loans largely from USA. This support was withdrawn when the Wall Street Exchange crashed I'm USA in 1929 .
3⃣In Germany by 1932 industrial output fell to 40% of the 1929 level.
4⃣As jobs disappeared unemployed youth took to criminal activities.
5⃣The crisis created deep anxieties among the middle class who feared destitution and proletarianisation.
6⃣Women were severely affected and worried for their hungry children.
7⃣It was during this period that Nazi party which was no more than a conspiratorial group became a mass movement.
8⃣The depression contributed to the rise of Hitler and establishment of dictatorship in Germany.
Hope it helps you ! ✌✌
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