Question

the main feature of great depresin in 1929-1932 in usa .what its effect in germany

Answer 1

The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country's banks had failed.

Effects in germany are as under:-

The economic situation in Germanybriefly improved between 1924-1929. However, Germany in the 1920s remained politically and economically unstable. The Weimar democracy could not withstand the disastrousGreat Depression of 1929. The disaster began in the United States of America, the leading economy in the world.