wall st crash

• • When the Wall Street Crash hit the USA in 1929, the American economy was significantly damaged and the German economy was pulled down with it.
  • The German economy relied on the USA for loans and American investors anxious about their financial position, began recalling the loans they had given to Germany.
• • Many German industries failed and unemployment rose to 6 million by 1933.
• • The Wall Street Crash resulted in an international depression and Germany fell into another economic crisis.
  • The Great Depression resulted in huge poverty and hardship in Germany. Some historians have argued that without this crisis the Weimar Republic might have survived.