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Describe the impact of Economic Depression on Germany.

Loans which they got from America to regain proper economy stopped which resulted in increased unemployment and starvation across Germany.

Economic Depression - Fall of Wall Street Exchange (1929)

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Out of the four biggest industrial nations of the age (others were America, UK and France), Germany was the worst hit by the depression. Its very weak economy couldnt deal with the slow withdrawal of American capital, plus the Germans were still paying reparation from World War One too which made their situation all the more precarious. Before the crash the German economy had been balanced on a knife-edge and it only endured a few mildly successful years before the crash. The country went through chaos after WW1 and suffered Hyperinflation in 1923. Germany had been just getting back on its feet when Wall Street Crashed. The Great Depression also paved the way for Hitler and the Nazis to rise to power. Before the Wall Street Crash the Nazi Party only held 12 seats in the Parliament. But by 1932, in the height of the depression, they had 230 seats in the Reichstag.

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At the end of the First World War, Germany became a democratic republic known as the Weimar Republic. 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 new Weimar Chancellor (like president) or Prime Minister succeeded in getting France to withdraw, and America loaned Germany money to stabilize the German economy.

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. The American stock exchange is in the city of New York in a building on Wall Street. The Wall Street stock exchange collapsed in 1929 and the American economy collapsed with it. This event was known as the Wall Street Crash, and was the start of the Great Depression.

The Great Depression affected all capitalist economies in the world. American banks immediately withdrew the loans they had made to Germany. Businesses closed, unemployment rose and inflation was rampant. German money had so little value, that it might take a wheelbarrow full of notes to buy a few groceries!

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1. The German economy was a worst hit by the economic crisis. 2. By 1932 industrial production was reduced to 40% of the 1929 level workers lost their jobs or were paid reduce wages. 3. The number of unemployed touched and unprecedented 6 million. 4. On the streets of Germany you could see man with play cards around their necks Saying "willing to do any work". unemployed youth played cards or simply sat on street corners or desperately queued up and local employment exchange. 5. The economic crisis created the deep anxieties and fears people. 6. The middle class especially salaried employees and pensioners saw their savings diminished with the currency lost its value. 7. Small businessman the self employed and retailers suffered as their businesses I got ruined. 8. The sections of society were filled with the fear of proletarianisation, an anxiety of being Reduce to the working class or worse still the unemployed. 9. Big businesses was in a crisis. the large mass of peasantry was was affected by a sharp fall in agricultural prices and women unable to fill their children stomachs were filled with the sense of deep despair. I hope the answer was right. Thumbs up !!!!
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Economic Depression and its impact on Germany   1.      The years between 1924 and 1928 USA gave short-term loans to Germany. This support was withdrawn when the Wall Street Exchange crashed in 1929 in the USA. 2.      Fearing a fall in prices, people made frantic efforts to sell their shares. On one single day, 24 October, 13 million shares were sold. This was the start of the Great Economic Depression in the USA. 3.      The German economy was the worst hit by the economic crisis. By 1932, industrial production was reduced to 40 per cent, Workers lost their jobs, and number of unemployed touched an unprecedented 6 million. 4.      Germans hung  placards  around  their  necks saying, Willing  to  do  any  work. 5.      Unemployed  youths  took  to criminal activities and total despair became  common place. The middle  classes,  especially  salaried  employees  and  pensioners,  saw their  savings  diminish when  the  currency  lost  its  value.   
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The Great Economic Depression of 1929-1934 had a rippling effect all over the world. It aggravated the economic crisis in Germany and nearly crippled German economy.

i. German investments and industrial recovery leading to economic stability between 1924-1928 was built on short term loans largely from USA. This support was withdrawn when the Wall Street Exchange crashed in USA in-1929.

ii. In Germany by 1932 industrial output fell to 40% of the 1929 level.

iii. Workers lost their jobs and were paid reduced wages. Number of unemployed touched an unprecedented 8 million.

iv. As jobs disappeared unemployed youth took to criminal activities.

v. The crisis created deep anxieties among the middle class who feared destitution and proletarianisation.

vi. Large mass of peasantry was affected by a sharp fall in agricultural prices.

vii. Women were severely affected and worried for their hungry children.

viii. It was during this period that Nazi Party which was no more than a conspiratorial group became a mass movement.

ix. The depression contributed to the rise of Hitler and establishment of dictatorship in Germany.
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The Great Economic Depression of 1929-1934 had a rippling effect all over the world. It aggravated the economic crisis in Germany and nearly crippled German economy. i. German investments and industrial recovery leading to economic stability between 1924-1928 was built on short term loans largely from USA. This support was withdrawn when the Wall Street Exchange crashed in USA in-1929. ii. In Germany by 1932 industrial output fell to 40% of the 1929 level. iii. Workers lost their jobs and were paid reduced wages. Number of unemployed touched an unprecedented 8 million. iv. As jobs disappeared unemployed youth took to criminal activities. v. The crisis created deep anxieties among the middle class who feared destitution and proletarianisation. vi. Large mass of peasantry was affected by a sharp fall in agricultural prices. vii. Women were severely affected and worried for their hungry children. viii. It was during this period that Nazi Party which was no more than a conspiratorial group became a mass movement. ix. The depression contributed to the rise of Hitler and establishment of dictatorship in Germany.
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nazi party
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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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IN GERMAN, the investment recovery and economic reparations were paid by short term loans by USA,
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Free fire khelta hai kya pagla
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The Great Economic Depression of 1929-1934 had a rippling effect all over the world. It aggravated the economic crisis in Germany and nearly crippled German economy.

i. German investments and industrial recovery leading to economic stability between 1924-1928 was built on short term loans largely from USA. This support was withdrawn when the Wall Street Exchange crashed in USA in-1929.

ii. In Germany by 1932 industrial output fell to 40% of the 1929 level.

iii. Workers lost their jobs and were paid reduced wages. Number of unemployed touched an unprecedented 8 million.

iv. As jobs disappeared unemployed youth took to criminal activities.

v. The crisis created deep anxieties among the middle class who feared destitution and proletarianisation.

vi. Large mass of peasantry was affected by a sharp fall in agricultural prices.

vii. Women were severely affected and worried for their hungry children.

viii. It was during this period that Nazi Party which was no more than a conspiratorial group became a mass movement.
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 The German economy was worst hit by the years of Great Economic Depression. Explain.




 
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The main impact of economic depression on Germany was-
1. The wages were poor.
2. The prices of good increased.
3. Workers were thrown out of their jobs.
4. People were suffering from hunger.
5. Crime activities increased at high manner.
6. Agriculture production decreased.
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