What was the impact of the great depression in germany?
Answers
Answer:
So when the Wall Street Crash of 1929 hit, the impact upon the German economy was immediate and deeply damaging. ... As well as increased poverty and unemployment, the Great Depression undermined the confidence of large numbers of Germans in the Weimar Republic.
Answer: unemployment had rose drasticaly, many savings were undermined, downfall in major exports and imports, savings had soon vanished, the value of the new currency( retenmark) depreciated in value,the confidence among the weimar was also undermined
Explanation:germany had taken huge sum of loans with the help of gustav stressman implementing a new Dawes plan to help save germany. germany was soleley dependant on these loans to benefit their economy. these flourishing years were known as germany's golden age in which it soon enough became to the economic powerhouse of the globe. germany had been 'dancing on a volcano' through american loans. as the depression hit in 1929, loans were demanded from germany back to the USA. this is what caused a huge impact throughout germany and the world.