when did the the great economic depression in Germany
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Explanation:
a. The great economic depression that began in US in 1929, has a catastrophic impact worldwide.
b. The economic depression impacted largely those countries which were heavily dependent on US economy.
c. Germany after the Ist World war sought short term loans from US for its recovery and indeed was totally dependent on it.
d. After the depression struck US, there was a withdrawal of US loans to other countries including Germany.
e. This impacted Germany as it became the worst sufferer and aggrevated its already existing economic problems.
f. There was unemployment, fall in German's currency, rise in crime rate creating great disillusionment among the masses.
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The economic situation in Germany briefly improved between 1924-1929. However, Germany in the 1920s remained politically and economically unstable. The Weimar democracy could not withstand the disastrous Great Depression of 1929. The disaster began in the United States of America, the leading economy in the world.
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