oct 24, 1929 - Wall-Street Crash

Description:

Among the more prominent causes were the period of rampant speculation (those who had bought stocks on margin not only lost the value of their investment, they also owed money to the entities that had granted the loans for the stock purchases)

For Germany this was an issue as:
US businesses fail —> people run to the bank to call in short term loans —> US banks call in loans for Germany (Dawes and Young Plan) —> German industry loses finance, lowers production, lays off workers

Added to timeline:

Date: