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Nazi Party 1929-32
History GCSE/Ormerod/ Growth in support for the Nazis 1929-32 #1
The Great Depression: Key word | Notes |
---|---|
Wall St | The value of share prices on Wall Street began to fall. |
Shares | People rushed to sell their shares. |
Banks | Banks who had invested in shares suffered huge losses when the share prices dramatically fell. |
Recalled loans | German and American banks recalled loans they had made to German businesses. |
German businesses and factories | Many businesses and factories had to close down. |
German workers | Many German workers lost their jobs because there bosses could not afford to give the workers their wages. Workers also lost their jobs because businesses closed down. |
Expensive products | Many German people could not afford to buy expensive products, so more factories had to close down. |
Homelessness | Homeless people were sleeping on the streets or on benches. |
Unemployment | - Sept 1929 1.3 million unemployed. - Jan 1933 6 million unemployed. |
Other political parties | People supported other extreme parties, such as the communists. |
Tax | The Tax went up so the loans could be fully paid off. |
Violent clashes | People fought on the streets. |