Question

what was the impact of the great economic depression on German economy

Answer 1

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!

Answer 2

The German economy was the worst hit by Great Depression.

By 1932, industrial production became 40% of what it was in 1929.

Number of unemployed touched a high of 6 million.

Unemployment also led to an increase in criminal activities.

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