What were the economic effects of great depression on Germany?

1.	What were the economic effects of great depression on Germany?
Answer» Impact of Great Depression on Germany was: Great Depression led to economic crises in Germany. By 1932, industrial production was reduced to 40 percent of the 1929 level. As a result, jobs were cut and many workers became unemployed. Wages of the employed workers were also reduced. Many unemployed people took to criminal activities in absence of any work. The savings of the middle class and salaried employees reduced drastically due to the depreciation of the German currency. The business of the small businessmen and retailers suffered because the purchasing power of the people reduced.

Answer»

Impact of Great Depression on Germany was:

Great Depression led to economic crises in Germany. By 1932, industrial production was reduced to 40 percent of the 1929 level.
As a result, jobs were cut and many workers became unemployed. Wages of the employed workers were also reduced.
Many unemployed people took to criminal activities in absence of any work.
The savings of the middle class and salaried employees reduced drastically due to the depreciation of the German currency.
The business of the small businessmen and retailers suffered because the purchasing power of the people reduced.

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What were the economic effects of great depression on Germany?

Impact of Great Depression on Germany was:

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