War II industries began making weapons and these industries hired the workers to meet the high demands. . After Great Britain was again forced to leave the gold standard in 1931, many foreign banks withdrew deposits from America in the form of gold: they were afraid that the United States might go off the gold standard too. . Another reason why the depression lasted so long was because politicians were so busy in pointing fingers at each other instead of resolving. The effect of this decline was spiralling unemployment. This and many others speeches like this scared people into selling there stocks before the inevitable would happen. . Extracts from this document. They claimed the reparations brought down the economic vitality of their country to an all time low. The USA had lent large amounts of money to other countries to help essay on my favourite sport cricket in hindi with their damages from the war.
Great Depression in Germany - Alpha History
The Great Depression in Germany - Alpha History
In 19, the literary term thesis statement Wall Street Stock Exchange was home to the new gold rush, as thousands of Americans rushed to take advantage of the booming share market. France has internal political problems, which made them delay rearmament and become isolated. The America delfation was probably the cause of much of the deflation that took place elsewhere and thus an important reason why the depression lasted so long. The usual response to any recession is a sharp increase in government spending to stimulate the economy but Heinrich Bruning, who became chancellor in March 1930, seemed to fear inflation and a budget deficit more than unemployment. France came across the same problems as all the other countries.
What was the impact of the Great Depression in Germany?
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