- Questions Bank
- 9th Class
- Social Science
- Nazism & the Rise of Hitler
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Answer:
TheGerman economy was the worst hit by the economic crisis caused by the GreatEconomic Depression (1929-1932) in the USA. German investments and industrialwas largely dependent on loan from the USA. The Wall Street Exchange crashed in1929, the USA withdrew the support from Germany.(i) By 1932, industrial production was reduced to 40 per cent of the 1929level.(ii) The number of unemployed was 6 million. People with'willing to do any work' placard could be seen on the street. Unemployment ratereached nearly 30 per cent in 1932.(iii) Unemployed youths sometimes involved in criminalactivities. They were seen playing cards, sitting at street corners ordesperately queuing up at local employment exchange.(iv) The Germany currency (mark) collapsed, prices rosephenomenally high due to hyper inflation.(v) The economic crisis created deep anxieties and fear inpeople. As business got ruined, small businessmen, self-employed and retailerswere filled with the fear of proletarianisation, an anxiety of being reduced tothe ranks of workers or unemployed.(vi) Big businessmen were also in crisis.(vii) The large mass of peasantry was affected by a sharpfall in agricultural prices.(viii) Women, unable to feed their children properly, werefilled with a sense of despair.
