The Great Depression (2.0)

When did the Great Depression hit Germany?

1929

Why was Germany affected by the Wall street Crash in Oct 1929?

.Between 1924-1929 the German Economy was dependent on loans from the USA in the Dawes Plan

.However the USA couldn’t afford to lend money anymore and also need old loans to be paid

How did the Wall Street Crash affect Germany

.The economy collapsed

.Industrial production banks and factories went out of business

.Unemployment therefore rose

.The Government cut unemployment benefits (people were angry)

.Oct 1929 - 1.6m Feb 1932 - 6m unemplyed

What did Popular Discontent with the Weimar lead to?

The Growth of extremist parties who promised change

What were the main parties competing for support of the discontent Germans?

The KPD (Communist Party of Germany)

The Nazi Party

When was the KPD founded and what did they promise?

December 1918

Workers’s revolution

How did the KPD grow compared to the Nazi Party

.1928-1932

.KPD- 11%-15%

.NP- 3%-37%

.However the Nazi Party grew more rapidly and the KPD was left behind