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in 1929 America's economy was devestated when the prices of shares sold on the New York stock exchange dropped suddenly in october 1929 . this was the wall street crash . thousands of companies went out of buisness . millions of people were out of work . although all these events took place on the other side of the atlantic , they
affected germany badly
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in 1929 America's economy was devestated when the prices of shares sold on the New York stock exchange dropped suddenly in october 1929 . this was the wall street crash . thousands of companies went out of buisness . millions of people were out of work . although all these events took place on the other side of the atlantic , they affected germany badly because the german economy was dependant on :
loans from the USA . this was called the monetary cycle . However after the wall street crash , America needed this money back , to help their own economy , so American banks demanded that Germany repay the loans they had been given since 1924 . the USA also stopped giving new loans
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in 1929 America's economy was devestated when the prices of shares sold on the New York stock exchange dropped suddenly in october 1929 . this was the wall street crash . thousands of companies went out of buisness . millions of people were out of work . although all these events took place on the other side of the atlantic , they affected germany badly because many German companies which had borrowed money went :
bankrupt. as these bankrupt companies closed down , workers lost their jobs
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the number of registered unemployment rose to more than ...... million by early 1932 . there were also ...... million jobless people who could not or did not register as unemployed , so the actual number of unemployed Germans was between ........ million . including their families , who depended on their earnings , about ...... million people were directly affected by unemployment
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in 1928 there were ........ million unemployed
2
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by 1929 there were ..... million unemployed
2.5
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by 1930 there were ...... million unemployed
3
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by 1931 there were ........ million unemployed
5
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by 1932 there were ....... million unemployed
6
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in 1929 America's economy was devestated when the prices of shares sold on the New York stock exchange dropped suddenly in october 1929 . this was the wall street crash . thousands of companies went out of buisness . millions of people were out of work . although all these events took place on the other side of the atlantic , they affected germany badly because after losing their jobs , German workers were paid unemployment benifit by the government for
26 weeks . after that they had to live on "crisis payments" from the government . Many of the jobless could not afford to pay rent so became homeless and became dependant on charity food to avoid starvations
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in 1929 America's economy was devestated when the prices of shares sold on the New York stock exchange dropped suddenly in october 1929 . this was the weall street crash . thousands of companies went out of buisness . millions of people were out of work . although all these events took place on the other side of the atlantic , they affected germany badly because the depression affected even those who were :
in work apart from the dread of losing their jobs , millions of german workers had to put up with low wages , short term working conditions and worsening conditions of work
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