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Impact of the Great Depression on Germany - Coggle Diagram
Impact of the Great Depression on Germany
Economy (102)
Agricultural production greatly decreased from 1927 to 1933
Both exports and imports decrease
Unemployment rate increases 4x
Agricultural and industrial prices fall
Wages decrease
Government Income decreases
Government expenditure increases
Trade recession from 1929 on
Finance, banks bankruptcy
Government (105)
Minimal government intervention
The recovery in 1926 from a minor slump meant there was little government action for a while
Coalition government could not agree
Scared of hyperinflation
Legal restrictions on the Reichsbank
Hard to borrow money since foreign powers had little trust in Germany's economy
Reduce expenditure in response to fall in tax revenue
Protectionism
Tariffs on agricultural imports
In 1931, the government finally became interventionist but it was too late in the minds of the people
Democracy
The hostile conditions made German people view their democracy as failing and unjust which led to the fall of the Weimar Republic and rise of authoritarian leadership.
Voters (105, 106)
Expenditure cuts to to things like war victim's pensions made Germans feel neglected by the governent
The late recovery was built upon by Hitler and the right wing extremists who took advantage of this
Many workers were now unemployed. People had to be given relief and were forced to relocate
5 major national elections between 1930-2