Flashcards in Impact of the Great Depression Deck (10):
When was the Wall Street Crash?
Why did the Wall Street Crash impact Germany?
- American banks recalled the loans they had given to Germany as part of the Dawes Plan
- The Crash triggered a worldwide depression leading to high unemployment in most developed countries
Who died just weeks before the Wall Street Crash?
What were some of the economic impacts of the Great Depression?
- the middle classes lost their savings
- unemployment skyrocketed (Sept. 1929: 1.3m Jan. 1933: 6.0m)
What were some of the political consequences of the Great Depression?
- people turned to more extreme parties, such as the German Communist Party (KPD) and the Nazi Party (NSDAP)
- Bruning (Chancellor 1930-32) had to rule through emergency decree
- Bruning eventually resigned in 1932, leaving a dangerous power vacuum
How many emergency decrees did Bruning issue in 1930?
How many emergency decrees did Bruning issue in 1932?
Why did Bruning have to rely on emergency decrees?
The coalition of parties in Bruning's government couldn't agree on how to respond to the economic crisis
What were some of the social consequences of the Depression?
- the unemployed roamed the streets
- some of the unemployed joined private armies
- violence became commonplace on the streets of Germany