what challenges were faced by germany uring great depression how did nazi riders and hitler malce use of it
Answers
Answer:
In 1929 as the Wall Street Crash led to a worldwide depression. Germany suffered more than any other nation as a result of the recall of US loans, which caused its economy to collapse. Unemployment rocketed, poverty soared and Germans became desperate.
Answer:
Germany faced many challenges during the Great Depression. It was deeply hit by this phase and suffered immensely.
1. The level of unemployment increased to a great level. It reached 30% of the total working population in 1932.
2. Many industries, mills, and production units were shut down on a large scale basis.
3. The lack of capital, prevailing in the economy led to a fall in the aggregate demand of produced goods.
4. Since there were no job opportunities, the youth of the country engaged themselves in criminal activities.
5. The currency lost its value which created tension among the middle class. They salaried employees and pensioners, saw their savings decline.
6. The small business of self-employed and retailers was completely destroyed.
7. The agriculture prices fell which affected the peasants.
This helped the Nazi rulers and Hitler to gain from this situation. Hitler was a powerful speaker with great passion and zeal. He promised to restore the dignity of the German people by removing the Versailles treaty and building Germany into a strong nation. He promised to create employment opportunities and help the youth to secure their future. Special focus was given to the middle class which felt threatened with the rise of capitalism. The people believed in him and in 1932, Hitler received 37% votes in Reichstag.Eventually, his Nazi Party became the largest party in the parliament.