Wall Street Crash Flashcards
(12 cards)
1
Q
- What did America ask for?
A
It’s loan money back from the Young and Dawes plan.
2
Q
- German banks pay America so what can they not do?
A
Can’t loan money or pay out
3
Q
- What does German industry without money mean?
A
Wage cuts
4
Q
4.What does wage cuts cause to people?
A
People with less money to spend
5
Q
- What does people with less money to spend cause?
A
People buy fewer goods
6
Q
- What does this mean for German factories?
A
Not selling as much
7
Q
- What does German factories not selling as much cause?
A
Leads to job losses
8
Q
- What does job losses cause?
A
Unemployed people have no less money to spend
9
Q
- What does unemployed people have no less money to spend cause?
A
Industry makes fewer goods as there is less demand
10
Q
- What does less demand cause?
A
More job cuts so fewer Germans paying tax
11
Q
- What does fewer Germans paying tax cause?
A
The government have less money so has to tax people more.
12
Q
- What does taxing people more cause?
A
People with less money to spend.
