6 St. 55 Min, 14 Jul 1929 Jahr - American Stock exchange collapsed

Beschreibung:

In 1929, the American Stock Exchange collapsed, and caused an economic depression. America called in all its foreign loans, which destroyed Weimar Germany. Unemployment in Germany rose to 6 million.

The government did not know what to do. In July 1930 Chancellor Brüning cut government expenditure, wages and unemployment pay - the worst thing to do during a depression. He could not get the Reichstag to agree to his actions, so President Hindenburg used Article 48 to pass the measures by decree.

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