oct 29, 1929 - Great depression
Description:
• Germany recovered from the Hyperinflation when Gustav Stresemann took over and implemented the Dawes and Young plan to stabilise Germany
• plans were dependant on American loans and in 1929 - Stock market in America crashed and America had to recall its loans from Germany.
• Great Depression where Germany suffered a very severe economic crisis. By 1932, 6 million people were unemployed - Weimar republic was unable to help the Germans
• Weimar Government could not take decisive action! Lost the support of the people. Looked to alternative parties like the Nazi Party and Communist Party.
-lasted very long. ppl affected most in the 1930s
Added to timeline:
Elective History
Combined Humanities 2267
unfinished; only did Chpt 1-3++
Date:
