6 h 55 m, 14 jul 1929 ano - American Stock exchange collapsed
Descrição:
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.
Adicionado na linha do tempo:
Data:
6 h 55 m, 14 jul 1929 ano
Agora
~ 94 years ago