Question

Which factor were responsible for the economic depression of 1929?

Answer 1

German investments and industrial recovery work totally depend on short term loans largely from USA.

This support was withdrawal when the Wall Street exchange crashed in 1929

Fearing fall in prices people made frantic efforts to sell their shares.

The German economy was the worst hit by the economic crisis by 1932 industrial production was reduced to 40 % of 1929 level

The number of unemployed touch an unpredicted 6 million