The Effects Of The Great Depression On The German Economy

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The Great Depression was triggered when the stock market collapsed on Wall Street on Tuesday, October 29, 1929. This event’s effects were felt globally as many countries around the world were economically dependant on the US. The German economy was especially vulnerable since most of its economy was built on foreign capital, mostly loans from the USA. When the stock market crashed, US looked inwards to stabilize its own economy through recalling all foreign investments. Overnight, the middle class standard of living many German families enjoyed was ruined. Many were left homeless and poverty ran rampant throughout the streets of Germany, people needed a solution, any solution. Adolf Hitler saw this as an opportunity for his Nazi party to benefit
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