Question

Explain How The Great Economic Depression Affected The German Economy

Answer 1

The impact of the Great Depression on Germany are:

It led to economic crises in Germany

Reduced the wages of the employed workers

Many unemployed people took to criminal activities in the absence of any work

Due to the reduced industrial production in 1932, many workers became unemployed

Due to the depreciation of the German currency, savings of the middle class and salaried employees were reduced drastically.

During this economic crisis in Germany, small business people and retailers suffered because of the reduced purchasing power of the people.