Question

What was the impact of great economic depression on Germany

Answer 1

Answer:

Impact of great economic depression on Germany was as follows:

• Unemployment hits millions of Germans, as companies shut down or downsized.
• The impact of depression was particularly severe in Germany, which had enjoyed five years of artificial prosperity,propped by American loan and goodwill.

Answer 2

Answer:

Great Depression led to economic crises in Germany. By 1932, industrial production was reduced to 40 percent of the 1929 level. As a result, jobs were cut and many workers became unemployed. Wages of the employed workers were also reduced