Great depression

Cards (7)

  • Unemployment
    40% of factory workers
    50% of 16-30 year olds
    60% of university graduates
  • taxes increased
    as the amount of unemployed people grew the amount of money the gov received from tax fell but the amount needed to pay out on unemployment benefit went up and so they raised taxes on workers and cut unemployment benefits
  • savers
    some people had lost their savings in shares so they lost all their money - if they were unemployed, they had no savings to help themselves
  • workers
    taxes went up and with so many desperate for jobs, employees cut wages
  • homelessness
    many people could not afford their rents and became homeless
    shanty towns in parks developed - people relied on soup kitchens
  • street violence
    theft increased
    fights often broke out between police and youth groups
  • confidence in the Weimer Republic went down as it couldn't deal with the problems the great depression brought