What were the economic causes in USA and Germany
Grade 9 history
Answers
Explanation:
As in the USA and the rest of the world, the Great Economic Depression had adverse effect on Germany and its people. The industrial production came down to less than 40% compared to 1929.
Workers either lost their jobs or were paid less.
About 6 million people were left without any employment.
As jobs disappeared the youth took to criminal activities.
Total despair, a deep anxiety and fear became common place in people.
The saving of salaried people and the pensioners began to diminish when the value of money went down.
Small businessmen, self employed and the retailers were ruined.
Big business was not possible.
The sharp fall in agricultural prices affected the peasants to a great extent.
Women were in deep despair as they could not feed their children properly.