1. Impact of the Great Depression Flashcards

(49 cards)

1
Q

What was the Great Depression caused by?

A

The Wall Street Crash

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2
Q

When did the American economy collapse?

A

October 1925, following the Wall Street Crash

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3
Q

What did American immediately do with loans after the Wall Street Crash?

A

America immediacy stopped foreign lending, and recalled loans from abroad

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4
Q

Why was the German economy especially vulnerable following the Wall Street Crash?

A

Because it was reliant on foreign capital, mostly from American loans (Dawes and Young Plan) and very dependent on foreign trade

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5
Q

Consequence of Wall Street Crash on German businesses which had relied on bank loans

A

They didn’t have enough money to sustain their production and pay their workers

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6
Q

What increased as a result of the Wall Street Crash?

A

Unemployment

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7
Q

Why did unemployment in Germany rise after the Wall Street Crash?

A

Because German businesses had less money to pay workers and the demand for consumer products dropped

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8
Q

What happened to many suppliers and businesses following the Wall Street Crash?

A

They struggled to pay off their loans and went bankrupt

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9
Q

What payments could many Germans not meet following the Wall Street Crash?

A

Rent or mortgage payments

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10
Q

What happened to many German banks following the Wall Street Crash? Impact of this

A

Many collapsed so people lost most of their savings and money

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11
Q

What did the German economy spiral into following the Wall Street Crash?

A

Economic depression

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12
Q

What did the Government do in July 1931 for 2 days in response to the Wall Street Crash?

A

Government closed banks and the stock exchange to prevent a complete collapse

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13
Q

Negative impact of rising unemployment following the Wall Street Crash on the Welfare State

A

Rapidly rising unemployment put enormous pressure on welfare provision

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14
Q

What did the welfare state to in an attempt to manage increasing unemployment following the Wall Street Crash? Result of this

A

Took steps to reduce the unemployment benefit which put pressure on local authorities

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15
Q

Registered unemployment in 1929

A

1.5 million

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16
Q

Registered unemployment in 1933

A

6 million

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17
Q

Agriculture production by 1929 compared to pre-war

A

Less than 3/4 of pre-war levels

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18
Q

What percentage did export trade fall by from 1929-32?

A

61%

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19
Q

What percentage did industrial production fall by from 1929-32?

A

58%

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20
Q

What happened to companies following the Wall Street Crash?

A

They went bankrupt
Companies that survived cut wages, staff and working hours

21
Q

During the Great Depression, what did Brüning do? Why?

A

Cut government spending on welfare state to reduce inflation

22
Q

Result of Brüning cuffing government spending on welfare state?

A

Unemployed received less benefits from state

23
Q

What put a strain on the Grand Coalition’s finances following the Wall Street Crash?

A

Unemployment benefits, falling tax revenues and falling global trade

24
Q

How did the Grand Coalition split following the Wall Street Crash?

A

DVP wanted to reduce unemployment benefits but SPD warned to raise taxes

25
Nazi Party’s authoritarian belief
No political parties other than Nazis could be tolerated
26
Nazi Party’s totalitarian belief
Nazi believed it was the government’s duty to control everything in Germany (including press and education)
27
Nazi Party’s nationalistic belief
Nazis only interested in Germany and not international relations
28
Nazi Party’s militarism belief
Rearming and expanding Germany’s armed forces is essential
29
Nazi Party’s racial belief
Races like Jews, Slave and Romany to be inferior men
30
Nazi Party’s social Darwinist belief
If you can conquer others, you have right to do so
31
Why did the Nazi Party receive support from the lower middle-class?
Because they lost lots of savings and had lots of unemployment
32
Why did the Nazi Party receive support from the upper classes?
They believed they were better than others
33
Why did the Nazi Party receive support from the young voters?
Young voters had only experienced the Weimar Republic so they would vote Nazi Party as it offered alternative to Republic
34
Why did the Nazi Party receive support from the farmers?
Because they felt that they have been ignored under any president
35
What did the Communist (KPD) Party want society to be?
Classless and moneyless
36
What did the Communist (KPD) Party want to abolish?
Private property
37
Who voted for the Communist (KPD) Party?
Working classes
38
What towns were impacted the worst by the Great Depression?
Towns that depended on a single industry, as if that collapsed no one would have any income opportunity
39
What began to appear during the Great Depression as unemployed tenants were unable to pay their rents?
Tent cities and shanty towns
40
What percentage of men in 14-25 age group were unemployed in Hamburg in 1933?
39%
41
What age group had a high rate of unemployment?
Young people
42
Three consequences of youth unemployment
Juvenile crime Political extremism Schemes to help young people
43
What increased among 14-25 year olds?
Accusations of crimes
44
What age group’s involvement in extremist political organisations increased during the Great Depression?
Involvement of young men
45
What did Hitler Youth offer unemployed men?
Food, uniforms, shelter and excitement of fighting in street battles where they could relieve stresses of unemployment
46
What schemes were established to help young people?
Day centres Emergency labour schemes
47
How popular were schemes to help young people?
Very unpopular among the youth
48
What proportion of workforce increased as a result of the Great Depression?
Female proportion
49
All beliefs of the Nazi Party (5)
Authoritarian Militarism Nationalism Racial beliefs Social Darwinism