Growth in Support 1929-32

• In October 1929, the USA the experienced the wall street crash, causing US companies to lose billions of dollars overnight. Businesses were ruined and it caused the great depression
• Due to the wall street crash, the US stopped lending money to Germany and demanded it all bacl
• Consequences on German Businesses of the wall street crash:

  • Had to pay back their loans
  • No more investment for the US
  • Increased taxes
• Impact of the wall street crash on the German Government:

  • Government workers received less pay and lost their jobs
  • They invested less in benefits for the unemployed
  • The government refused to print more money
• Due to the wall street cash, many businesses in Germany closed and millions of workers lost their jobs. The lack of jobs and benefits caused widespread poverty
• The economics problems due to the depression lead to unemployment. This lead people to be unhappy with the Weimar government, and attract them to extremist parties such as the Nazi party
• Support for the Communist Party grew during this period but the Nazi Party grew faster. Support for the Communist Party was mainly from the working classes living in cities who wanted a party that could protect their jobs and wages.
• The intimidation tactics of the SA helped to increase support for the Nazis
• Hitler was a strong leader and traveled around the country to give speeches on the radio
• By the time Hitler became Chancellor in 1933, 6.1 million people were unemployed in Germany due to the Great Depression