History, asked by vijag5330, 1 year ago

What were the effect of economic crisis on the Germany

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Answered by raj9557469005
158
The government was unable to deal with the economic crisis left by the war. In 1923, France occupied the Ruhr Valley, the heartland of German industry, because Germany was unable to pay war reparations demanded by the Treaty of Versailles. ... The Great Depression affected all capitalist economies in the world.

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Answered by Priatouri
217

The effects of the economic crisis on Germany are the following:

1. The economic crisis hit Germany badly. A total of 40 per cent of the industrial production decreased in Germany.

2. As many as six million people lost their jobs. As a result of these widening unemployment workers in the streets could be seen with posters depicting, "Willing to do any work".

3. In lack of jobs, the youth of the country turned to criminal activities.  

4. Slowly and steadily the savings of salaried workers went out and currency lost its value.


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