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Weimar and Nazi Germany
topic 2
wall street crash
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Lily rowse
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Cards (28)
What date is known as Black Tuesday?
October 24th
,
1929
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What happened to share prices in the US stock exchange in October 1929?
They
began
to
fall
significantly
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What was the consequence of the Wall Street stock market crash?
Shares in American companies became
worthless
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What was the impact of the stock market crash on the value of US companies?
Value dropped to 4 billion
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How did the Wall Street crash affect Germany's banking system?
It caused a
banking crisis
in Germany
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Why did German banks panic after the stock market crash?
People feared losing their
savings
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What is meant by a 'run on the banks'?
People demanded their
savings
in cash
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What happened to German banks as a result of the run on the banks?
They ran out of money and went
bankrupt
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How did the banking crisis affect German industries?
Banks called in
loans
, causing layoffs
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What was the consequence of the USA demanding back loans from the Dawes Plan?
German economy
collapsed
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What was the unemployment situation in Germany after the economic collapse?
High unemployment with
17 million
on benefits
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How did the economic collapse affect people's spending habits?
People
stopped
buying
as
much
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What was the unemployment rate in Germany by 1932?
6.5 million
were unemployed
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How did the government respond to the economic crisis?
They raised
taxes
and cut benefits
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What was the effect of increased taxes on employers and right-wing parties?
They were
angry
about the tax
increase
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What happened to democracy in Germany during the economic crisis?
It collapsed as parties refused to
cooperate
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How did the economic collapse affect support for extremist parties?
Support for
extremist
parties
increased
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How many additional supporters did the KPD gain?
6 million
supporters
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Why did the NSDAP gain support during the economic crisis?
Upper and middle classes feared
communism
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How did Hitler's propaganda appeal to women?
He claimed Nazis would
save families
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What was the state of Nazi electoral success before 1929?
They had very
little
success
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What economic hardships did the working class face during the crisis?
They faced high
unemployment
and reduced
benefits
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How did left-wing parties react to the loss of unemployment benefits?
They were furious about the
cuts
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What impact did the economic crisis have on public services?
Public services faced severe
budget cuts
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How did the economic situation contribute to homelessness?
People couldn't afford
rent
, leading to homelessness
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What vicious cycle was created by the economic crisis?
Poverty led to
unemployment
, which worsened poverty
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How did the depression affect countries worldwide?
Countries
lost
money
and faced
economic hardship
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What problems did the Weimar Republic face during the great depression crisis?
Political instability
and
economic hardship
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