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| 1. |
what was the Great Depression on Germany |
| Answer» 1)The great economic depression began in the USA but the economy of the Germany was badly destroyed. German investments and recovery were depended on the loans provided by USA .This support was crashed when the Wall Street Exchange crashed in 1929.2)Fearing fall in prices people made frantic efforts to sell their shares. On a single day i.e. 24 October 13 million shares were sold. This was the start of the great Economic Depression. The national income of USA fell by half during 1929-32.3) Factories shut down,exports fell,farmers were badly hit and speculators withdrew yheir money from market.4) Unemployed youths were about 6 billion. They pass there time by simply sitting at street corner, playing cards and desperately queing in the local employment exchange.5) People had a felling of uncertainty and fear . Even peasants felt the pinch of this crisis. | |