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October – The Wall Street crash of 1929 marks a major turning point in Germany: following prosperity under the government of the Weimar Republic, foreign investors withdraw their German interests, beginning the crumbling of the Republican government in favor of Nazism. [1]
The Great Depression hit Germany hard. The impact of the Wall Street crash forced American banks to end the new loans that had been funding the repayments under the Dawes Plan and the Young Plan. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. [41]
The World in Depression, 1929–1939 (3rd ed. 2013) Konrad, Helmut and Wolfgang Maderthaner, eds. Routes Into the Abyss: Coping With Crises in the 1930s (Berghahn Books, 2013), 224 pp. Compares political crises in Germany, Italy, Austria, and Spain with those in Sweden, Japan, China, India, Turkey, Brazil, and the United States.
US annual real GDP from 1910 to 1960, with the years of the Great Depression (1929–1939) highlighted Unemployment rate in the US 1910–60, with the years of the Great Depression (1929–39) highlighted; accurate data begins in 1939, represented by a blue line. The Depression caused major political changes in America.
Like many other nations at the time, Germany suffered the economic effects of the Great Depression, with unemployment soaring after the Wall Street crash of 1929. [1] When Adolf Hitler became Chancellor of Germany in 1933, he introduced policies aimed at improving the economy.
From 1923 to 1929, there was a period of economic recovery, but the Great Depression of the 1930s led to a worldwide recession. Germany was particularly affected because it depended heavily on American loans. The Weimar Republic was severely affected by the Great Depression.
Stalin emphasized in 1929 a campaign demonizing kulaks as a plague on society. Kulak property was taken and they were deported by cattle train to areas of frozen tundra. [25] The timber market in Finland began to decline in 1929 due to the Great Depression, as well as the Soviet Union's entrance into the market.
Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...