What were the effects of the German economic crisis of the 1920?

Answer 1

By the time the Great Depression hit, Germany was already suffering from a very weak economy. The reparation payments due from the Versailles Treaty just added another straw on the back of the camel, to paraphrase an old saying. The US was lending Germany money but the money was not used to shore up the economy or provide jobs, but was merely sent to England and France as part of the reparations. The dire political and economic problems enabled the Nazi Party to gain support in Germany.

Answer 2

By the time the Great Depression hit, Germany was already suffering from a very weak economy. The reparation payments due from the Versailles Treaty just added another straw on the back of the camel, to paraphrase an old saying. The US was lending Germany money but the money was not used to shore up the economy or provide jobs, but was merely sent to England and France as part of the reparations. The dire political and economic problems enabled the Nazi Party to gain support in Germany.

Answer 3

After the German invasion of the Soviet Union in June 1941, mobile killing units following in the wake of the German Army began shooting massive numbers of Jews and Roma (Gypsies) in open fields and ravines on the outskirts of conquered cities and towns. Eventually the Nazis created a more secluded and organized method of killing enormous numbers of civilians -- six extermination centers were established in occupied Poland where large-scale murder by gas and body disposal by cremation were systematically conducted. Victims were deported to these centers from Western Europe and from the ghettos in Eastern Europe which the Nazis had established. In addition, millions died in the ghettos and concentration camps as a result of forced labor, starvation, exposure, brutality, disease and execution.

Answer 4

The real economic crises of Germany in the 1920s were in 1923 and 1929, at the times of pinnacle hyperinflation and the Wall Street Crash. However, the Germany economy began to turn for the worse when the Kaiser began printing money in the late 1910s. The inflation caused by this became unmanageable when Germany missed a reparation payment to the allies in 1923, and the French marched into the Ruhr to take payment in kind. In response to this, workers in the Ruhr held passive resistance, where they went on strike against the French invaders. This meant that even less money was being made in the German economy, as industrial activity in the Ruhr had stopped, yet the government still had to pay the workers wages. To do this, the Weimar government began printing even more money, which sparked the hyperinflation. The Middle Class was hit the most in this event, as the poor had little to lose, and the rich mainly held their wealth in assets such as land. Anyone with savings or living off a fixed pension became effectively broke, as their money became almost worthless within a matter of months. Secondly, the Wall Street Crash affected Germany even further, as with a worldwide depression, America recalled the Dawes and Young plans, which were loans to Germany in order to help it pay back reparations. As a result of this, Germany was once again in debt and suffering terribly under the economic stress which was felt all over the world. Unemployment rose to 6 million at this time in Germany alone.

Answer 5

The Great Depression of the US in the 1930's effected many nations around the world. In Germany its effect was devastating. By 1932, Germany's industrial production was only 58% of that of 1928. Imports and exports had been cut by 50%. Germany's GNP had fallen from 89 billion to 57 billion marks. And, unemployment rose from 1.4 million to 5.6 million.

Answer 6

It made people lose jobs and lose money