24 out 1929 ano - Wall Street Crash, Great Depression begins
Descrição:
The Wall Street Crash of 1929 was an event that had effects all over the world. It was also a TRIGGER event helped Hitler to come into power in 1933.
The USA demanded the repayment of its loans so Germany lost a lot of money.
By 1932, unemployment was at 6 million, 20 000 businesses had gone bust and the 5 biggest banks had collapsed. New university graduates couldn't get jobs and farmers slipped further into debt.
Weimar was weak, the government was full of un-stable coalitions and unpopular policies. Instead of printing more money (as that had caused hyperinflation), they raised taxes but cut wages and unemployment benefits. The president used ARTICLE 48, giving him special powers as it was an emergency. But Hindenburg was an 84 year old war hero who seemed well past his prime.
Additionally, extremism was on the rise. Communism was becoming more popular but so was Nazism on the opposite end.
Hitler used this time to his advantage. The increasing popularity and therefore fear of communism meant he gained support. His effective use of public speaking and PROPAGANDA helped with this. Hitler was an IDEOLOGICAL MAGPIE, when speaking to a crowd of people, he would focus on the issues that the crowd found important. This could include, employment, communism or the Treaty of Versailles.
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