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The great economic depression of 1929-1932 began in USA but it destroy German economy |
| Answer» \tThe great economic depression that began in US in 1929, has a catastrophic impact worldwide.\tThe economic depression impacted largely those countries which were heavily dependent on US economy.\tGermany after the Ist World was sought short term loans from US for its recovery and indeed was totally dependent on it.\tAfter the depression struck US, there was a withdrawal of US loans to other countries including Germany.\tThis impacted Germany as it became the worst suffered and aggrevated its already existing economic problems.There was unemployement, fall in German\'s currency, rise in crime rate creating great disillusionment among the masses. | |