The Great Economic Depression was one of the worst hit economic downturns in history of the industrial world. It lasted from 1929 to 1939.It started with crash of world market in 1929 october which sent wall street into panic and wiped out millions of investors.
What do you mean by Great Depression Class 9?
The Great Depression is referred to as the greatest and also the longest economic downturn or recession in modern history. It started in the USA. After that, it had a rippling effect on the economies of the world. It is said that the Great Depression started with the USA stock market crash in October 1929.
What was the Great Depression in Germany Class 9?
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.
Who is to blame for the Great Depression?
As the Depression worsened in the 1930s, many blamed President Herbert Hoover…
What were the main features of Nazism Class 9?
(1) According to Nazism, the private individual was subservient to the political state and the state was answerable to the supreme leader of the people. (2) The concept of ‘lebensraum’, wherein the German nation had to acquire newer and newer territories in order to exapnd the German empire.
What happened in schools under Nazism Class 9?
Teachers who were Jewish were fired. Children were initially separated. Germans and Jews were not allowed to sit or play together. As a result, ‘undesirable youngsters,’ such as Jews, physically challenged children, and Gypsies, were expelled from schools.
What challenges did Germany face during depression?
The various challenges faced by Germany during the Great Depression were: The national income of the USA fell down by half. In terms of the industrial crisis, factories were shut down, exports reduced, farmers were badly affected by this and speculators took back their money from the market.