Social Sciences, asked by ridhikalra7, 11 months ago

what was the impact of the economic depression on Germany ?​

Answers

Answered by lavishk672
0

Explanation:

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.

Answered by shanaya2101
2

Explanation:

Impact of the economic depression on Germany -

  • The Great Depression affected all capitalist economies in the world.
  • American banks immediately withdrew the loans they had made to Germany.
  • Businesses closed, unemployment rose and inflation was rampant.
  • German money had so little value, that it might take a wheelbarrow full of notes to buy a few groceries
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