Chapter 2 ; Germany and the Depression Flashcards
(166 cards)
What caused the Great Depression?
the Wall Street Crash
When did the Wall Street Crash happen?
october 1929
When did Gustav Stresseman die?
october 1929
What caused the Wall Street Crash?
American people not satisfied with profit from shares so decided to sell
How did the selling of shares in America cause the WSC?
prices dropped and shares became of no value
Why did the WSC affect Germany?
American banks wanted loans back from Germany
What were the political impacts of the Great Depression in Germany?
popularity for extremist parties grew
How many votes did the Communists get in 1930, the year following the WSC?
77 (from 54)
How many votes did the Nazis get in 1930, the year following the WSC?
107 (from 12)
What were the economic impacts on Germany following the Great Depression?
wanted loans bank
factories closed
Why did German businesses go bankrupt after the WSC?
- America wanted loans back
- Germany tried to reclaim from businesses
- went bankrupt
What happened to the German businesses after the WSC?
went bankrupt
What happened to German factories after the WSC?
shut down
Why did German factories shut down after the WSC?
- America had bought German goods
- Americans could no longer afford
- factories shut down
What were the social impacts on Germany after the WSC?
jobless
homeless
hungry
angry at leaders
What happened to savings in Germany as a result of the Great Depression?
became worthless
What affects did the Great Depression have on Germany?
- taxes increased
- wages decreased
How much did wages of workers decrease by from 1928 to 1933?
in 1933 wages were 70% of 1928 wages
What were set up as a result of homelessness during the GD in Germany?
shanty towns
Why did violence and crime increase during the GD in Germany?
boredom became violence
How much did arrests for theft increase by during the GD in Germany?
increased by 24%
Why was the unemployment benefit harder to pay during the GD?
so many unemployed
What affect did the difficulty of paying unemployment benefit have on Germans?
taxes increased
unemployment benefit decreased
How many people were unemployed in september 1929?
1.3 million unemployed