Wall Street Crash and The Great Depression

• Wall Street Crash


  • The Wall Street Crash had an immediate effect in Germany as American investors, anxious about their financial position, began withdrawing their loans to Germany.
  • German indebtness to these investors had by 1929 reached nearly 15 billion marks.
• • Germany suffered a huge rise in unemployment. Over the winter of 1929-30 the number of unemployed rose from 1.4 million to 2 million.
• • The Wall Street Crash brought disunity to the political parties in the Reichstag, when Germany was in urgent need of legislation, political parties separated into small uncompromising groups.
• • Hitler claimed that the Nazis had the answer to all of Germany's problems and that the Weimar Government was just making things worse.
  • There was an immediate gain in seats for the Nazis which peaked in July 1932 (230 seats).