The Great depression

When did the Nazi party come into power? 1993 

Who was the leader of the Nazi party? Adolf Hitler

What was it? The Great Depression was the worst economic downfall in the history of the industiralized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent wall street to panic and wiped out millions of investors. Over the next several years years, consumers spending and investment dropped, causing steep declines in industrial output and employement as failing companies laid off workers.

Why was Germany hit the hardest during the depression? Germany suffered more than any other nation as a result of the recall of US loans, which caused it’s economy to collapse. Unemployment rocketed, poverty soared and Germans became desperate.

What did Germany have to agree to by signing the treaty of versaille? They had to agree to the treaty because if they hadn't their country would have been taken over. Their submarines, military aircraft and artillery were all taken away and it reduced their navy to just 6 small battleships. They Were forced to give back all the land that they had stolen from the French and they also had to pay for the cost of the war. Their payment ended in 2010. 

 

How was NZ affected by the depression? In New zealand, the effects of the cash was not immediate. But from 1930 export prices began to drop, falling 45% by 1993. To a country overwhelmingly dependent on agricultural exports, this was devastating. By the end of 1930 urban business and manufacturing were feeling the flow of effects.