wall street crash

Cards (28)

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