The Great Depression is caused by a severe worldwide economic depression. Germany was affected the most because of the loans investment and other from America with that, Germany suffers a great economic depression known as the Great Depression.
At that time, many people were unemployed because they were not paid. People have to sleep on the streets as they did not have enough money to pay for the home rents and taxes. Some were starving to death while others died in cold temperatures.
Before The Great Depression
Adolf Hitler knew his opportunity has arrived. In good times before the Great Depression, the Nazi Party experienced slow growth, barely reaching 100,000 members in a country of over sixty million. But the party, despite its size, was a tightly controlled, highly disciplined organization of fanatics poised to spring into action.
Starving Boy in German Streets, 1930
Printing of Money
During the Great Depression, Germany printed stacks of money to be used as currency in Germany to make use of the Great Depression. However, the printed money was worthless because money is supported by how much gold the country has. When the money was printed, prices of basic goods skyrocketed because everyone got stacks of printed money and if the prices are low, they could dry out stock markets and it would not be equally shared by people in Germany.
Children playing and stacking with the stacks of
printed money
Impact
The impact on Weimar Germany was even more dire. Germans were not so much reliant on exports as they were on American loans, which had been propping up the Weimar economy since 1924. No further loans were issued from the late 1929, while American financiers began to call in existing loans. Despite its rapid growth, the German economy was not equipped for this retraction of cash and capital
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