CBSE Class 9 Answered

Impact of Great Depression on Germany was:

• Great Depression led to economic crises in Germany. By 1932, industrial production was reduced to 40 percent of the 1929 level.
• As a result, jobs were cut and many workers became unemployed. Wages of the employed workers were also reduced.
• Many unemployed people took to criminal activities in absence of any work.
• The savings of the middle class and salaried employees reduced drastically due to the depreciation of the German currency.
• The business of the small businessmen and retailers suffered because the purchasing power of the people reduced.