WALL STREET CRASH/DEPRESSION

Cards (4)

  • In 1929, USAs economy collapsed meaning they recalled all their loans. Germanys money stopped and they spiralled into depression.
  • Unemployment rocketed peaking at 6,000,000. People lost their homes and had to live on the streets, scavenging on rubbish tips for food.
  • The Weimar Government dealt with it poorly refusing to print more money but raising taxes and cutting wages instead increasing peoples suffering.
  • Violence broke out as people got desperate, The Weimar Government failed to deal with it.