Why was Germany hit the hardest during the Great Depression?
In 1929 as the wall street crash led to a worldwide depression. Germany suffered the most more than other nations as a result of the recall of all US loans, which caused its economy to collapse. Unemployment went through the roof and poverty soared and German's became desperate.
Explain what Germany had to agree to by signing the Treaty of Versailles?
The treaty of Versailles gave Germany new boundaries. Germany had to accept responsibility for causing all the damage of the war that was “imposed upon by the aggression of Germany” And to pay an unspecified amount of money in reparations.
How was Aotearoa affected by The Great Depression?
For Aotearoa, all the countries outside Russia, that great depression of the early 1930s was the most shattering economic experience ever recorded. Exports dropped by 45% within 2 years, the national income by 40% in three.
You have lots of information on The Great Depression! I was most surprised by how quickly our export prices dropped in NZ. Did you know our country makes a lot of money from exporting dairy products?
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