What was the Great depression of …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

What was the Great depression of 1929

Posted by Shreya Jain 7 years, 2 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 7 years, 2 months ago

The Great Economic Depression of 1929-1934 had a rippling effect all over the world. It aggravated the economic crisis in Germany and nearly crippled German economy.

i. German investments and industrial recovery leading to economic stability between 1924-1928 was built on short term loans largely from USA. This support was withdrawn when the Wall Street Exchange crashed in USA in-1929.

ii. In Germany by 1932 industrial output fell to 40% of the 1929 level.

iii. Workers lost their jobs and were paid reduced wages. Number of unemployed touched an unprecedented 8 million.

iv. As jobs disappeared unemployed youth took to criminal activities.

v. The crisis created deep anxieties among the middle class who feared destitution and proletarianisation.

0Thank You

ANSWER

Test

Related Questions

Features of democracy in IX

Posted by Ichchha>> Shukla** 10 months, 3 weeks ago

CBSE > Class 09 > Social Science

0 answers

Write short note on French revolution

Posted by Shadma Shafi Shazi 1 year, 4 months ago

CBSE > Class 09 > Social Science

2 answers

India size and location important map

Posted by Payal . 1 year, 4 months ago

CBSE > Class 09 > Social Science

1 answers

Definition of preamble

Posted by Shruti Pandey 1 year, 4 months ago

CBSE > Class 09 > Social Science

0 answers

What is the meaning of constitution

Posted by Tanisha Joshi 1 year, 4 months ago

CBSE > Class 09 > Social Science

2 answers

What do you mean by socialism in europe and Russian revolutionaries

Posted by Ayushi Kumari 10 months, 2 weeks ago

CBSE > Class 09 > Social Science

1 answers

How does aaram lincon define democracy

Posted by Manthan Dambhale 1 year ago

CBSE > Class 09 > Social Science

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by King Krishna 6 months, 1 week ago

CBSE > Class 09 > Social Science