Economy

• Between 1930 to 1932, around 50,000 Business went bankrupt
• Due to Hyper Inflation in Germany, an egg ended up costing 80 million marks and a beer 150 million.
• Due to the 1929 great depression Germany stopped getting their loans from America, in magnitude of 200 million $
• 18,000 Farmers were bankrupt by 1932, due to the great depression
• There were major food shortages due to hyperinflation, as their was a lack of confidence in the mark, meaning farmers became reluctant to sell.
• Industrial production dipped below 1913 levels and continued to drop to 74% of 1913 levels by 1933, due to the wall street crash.
• Exports and imports both more than halved due to the wall street crash
• Unemployment rose from 1.4 million to 4.8 million from 1929 to 1933 and 1 in 3 were unemployed, due to the wall street crash in America.
• National income fell by just under 40%, more than twice that of GB and France but equal that of USA, due to the great depression/wall street crash.
• Social welfare was set up to help disabled and widows, who had lost their husbands during WW1
• Surviving businesses (From hyperinflation) began to form CARTELS, fixed

  prices and helped provide stability.
• Economic recovery(Stresemann era, Hyperinflation) BUT high levels of government

  spending and debt – recovery based on foreign loans.
• Six million people unemployed by 1932, Due to the Great depression
• Five major banks

  collapsed in 1931.