Question

what were the 5 effects of great economic depression on the german economy?

Answer 1

      Great

depression in Germany during late 1920s and early 1930s:

 

    Severe

unemployment rate rose up to and more than 20%. Weimer government printed more

currency, thinking that it will solve deficit problems. But the inflation

became hyperinflation. Living standards became terribly low. The economic recovery

became impossible. Weimar Republic faced its worst political and economic

situation.

   Severe debt

and financial crisis resulted.  America

stopped its financial aid to Germany due to its own Great Depression.  Consequently many people withdrew their money from stock markets. Government could not control the economy.

   Germans

could not pay back its war reparation dues to the international allies.  The Treaty of Versailles was a severe

punishment to Germans.  Their rich

territories were taken away from them.

   Lower

pricing and supply decisions made by other European countries created a problem

for Germany and its products. So Germany's manufacturers could not sell their products in Europe and elsewhere. So Germany's industrial and agricultural production fell badly.

   The various

political and economic measures taken by government failed. Reichstag was

dissolved. General elections were held. Nazi party (NSDAP) and communists rose

higher. A coalition was formed with other parties. Nazi Germany began in 1933

with Hitler swearing in as the Chancellor.

   Psychologically

Germans were depressed. They could have won the World War 1. But they lost. All

happenings in Germany and treatment of Germans by other countries made them

gradually very patriotic.

Read more on Brainly.in - https://brainly.in/question/1935881#readmore