Question

what was the impactof the 'Great economic crises' on the economy of germany

Answer 1

The Germany economy was the worst hit by the economic crisis. By 1932, industrial production had reduced to 40% of the 1929 level. Workers lost their jobs or were paid reduced wages. The number of unemployed touch the unprecedented mark of 6 million. On the streets of German, you could see men with placards around their necks saying, 'Willing to do any work'. Unemployed youths played cards or simply sat at street corners, or desperately queued up at the local employment exchange. As jobs disappeared, the youth took to criminal activities and Germany was in a state of total despair. The economic crisis created deep anxieties and fear s in people.