Impact of the depression

Impact of the depression

1. Growth in extremist parties

   • Blamed the goverment or the situation
   • Turned to more extreme alternatives
     • Communists
     • Nazis
       • Appeal to nationalists
         • Destroy TOV
           • Gain land
           • Gain colonies
         • Remove migrants
         • Strong central goverment
       • Appeal to socialists
         • Nationalising industries
         • Profit sharing
         • Improving pensions
         • Give farmers the right to thir own land

2. What was the depression

   • US stock markets fell
   • German exports slumped
     • Millions lost their jobs
     • Foreign factories closed
   • USA recalled loans
     • Goverment raised taxes
     • Goverment cut benefits
   • President used Article 48
   • Unemployment
     • Sept 1928 = 650 000
     • Jan 1933 - 6 100 000

3. Role of the SA

   • Intimidate enemies
   • Beat up opponents
   • Led by Ernst Roehm

4. How it affected people

   • Workers
     • Lost jobs
       • 26% out of work
       • Factories shut down
       • Homeless
   • Banks
     • Huge loses
       • High investment
     • closed down
   • Children
     • Died frommalnutrition
   • Goverment
     • Feared hyperinflation
     • Ran on decree
     • Unpopular
   • Factories
     • Closed down / downsized
     • Production decreased by 58%
   • Middle class
     • Less money
       • Lost savings

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