Complete set of notes to get A*. 45pg document with Point Evidence and Explanation. Very useful information to make good essays and prepare for finals. How was Germany affected by the depression?
Example;
-The effects of the slump were widespread. Many farmers had already been hit with high-intere...
How was Germany affected by the depression?
-The effects of the slump were widespread. Many farmers had already been hit with high-
interest rates and falling agricultural prices
-By 1932 there were 6 million unemployed
-Industrial production fell 70% in 1932 compared to 1927
-Due to global protectionism, imports and exports fell dramatically, which prevented German
businesses from trading, leading to a mass loss in jobs, significant drops in salaries, and less
government income to spend on rebuilding the nation
-Under the Weimar Republic, many believed business would re-stabilise by itself, however, this
was not the case as the depression wounded Germany even further than predicted
-Many began to feel resentment towards the government, as their savings became worthless
and income became worthless, making them feel unwanted and rejected
-Those who managed to keep their jobs had their wages reduced, and lived in fear of losing
their jobs
-By 1932, 18,000 farmers had gone bankrupt
-By 1932, 50,000 businesses had gone bankrupt
-No government was prepared to intervene in any major way to reflate the economy
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