economic crises

• The Great Depression (1929)

  • Originating in the USA, this economic catastrophe sent shockwaves around the globe.
• The Great Depression (1929)

  • Massive unemployment and significant loss of life savings resulted in widespread public despair.
• The Great Depression (1929)

  • In nations like Germany, the resulting desperation magnified support for Hitler's Nazi Party, which promised economic rejuvenation and job opportunities.
• The Great Depression (1929)

  • The Depression also weakened democracies worldwide, with people losing faith in elected governments, making them susceptible to extremist ideologies.
• Hyperinflation in Weimar Germany (1923)

  • Post-WWI, Germany was burdened with substantial war reparations.
• Hyperinflation in Weimar Germany (1923)

  • To manage this, the Weimar Republic started printing vast sums of money.
• Hyperinflation in Weimar Germany (1923)

  • The subsequent hyperinflation saw the German Mark's value plummet.
• Hyperinflation in Weimar Germany (1923)

  • Essentials became unaffordable, leading to public upheaval and favouring extremist parties that promised stability.