what was the impact of great depression on germany
Asked by sarubhatia6 | 16th Jul, 2014, 10:32: PM
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.
Answered by Social Science Expert | 17th Jul, 2014, 02:57: PM
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