THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economy became weak and unstable.
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The economy grew stronger and healthier.
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Capitalism developed in Germany.
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More jobs were created in Germany.
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Detailed explanation-1: -Germany had suspended the gold standard and financed the war by borrowing. Reparations further strained the economic system, and the Weimar Republic printed money as the mark’s value tumbled. Hyperinflation soon rocked Germany. By November 1923, 42 billion marks were worth the equivalent of one American cent.
Detailed explanation-2: -Due to the lack of reparation payments by Germany, France occupied the Ruhr in 1923 to enforce payments, causing an international crisis that resulted in the implementation of the Dawes Plan in 1924.
Detailed explanation-3: -Germany was economically devastated after a draining defeat in World War I. Due to the Versailles treaty, Germany was forced to pay incredibly sizeable reparations to France and Great Britain.
Detailed explanation-4: -The First World War had a crippling effect on Germany. The war reparations that Germany was expected to pay, severely affected the economy. It lost Alsace and Lorraine to France. The situation in Germany aided the growth of Adolf Hitler.