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How the Wall Street Crash Made Things Hard for Germany: The Story of the Great Depression, German Jobs, and Heinrich Bruning

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Imy

08/08/2023

History

The Wall street crash - Weimar and Nazi Germany

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History

How the Wall Street Crash Made Things Hard for Germany: The Story of the Great Depression, German Jobs, and Heinrich Bruning

The Impact of Wall Street Crash on Weimar Germany triggered a devastating chain of economic and political consequences that ultimately contributed to the Nazi Party's rise to power. The crash's ripple effects severely destabilized Germany's economy, leading to massive unemployment and social upheaval.

  • The death of Gustav Stresemann coincided with the crash, removing a key stabilizing figure
  • Great Depression effects on German unemployment reached catastrophic levels, with millions losing their jobs
  • German banks suffered major losses due to their investments in US markets
  • Heinrich Bruning policies and Nazi Party rise were directly connected as his austerity measures failed to address the crisis
  • The Nazi Party successfully exploited the situation by appealing to various social groups
  • Political violence and extremism increased significantly during this period
...

08/08/2023

386

October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

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Page 2: Government Response and Nazi Party Appeal

Heinrich Bruning's government attempted to address the crisis through austerity measures and higher taxes, but these policies faced strong opposition. The inability to govern effectively led to increased use of Article 48 emergency powers.

Vocabulary: Article 48 - Emergency decree powers that allowed governance without parliamentary approval.

Highlight: The Nazi Party successfully appealed to diverse groups including big business, working classes, and the middle class.

Example: Major companies like Benz and Krupps provided significant financial support to the Nazi Party.

October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

View

Page 3: Nazi Party's Targeted Appeal

The Nazi Party strategically adapted its message to appeal to specific social groups, particularly farmers, young people, and eventually women. Their success in rural areas was remarkable, securing 60% of votes in rural areas during the 1930 Reichstag elections.

Highlight: The Nazi Party's ability to attract young Germans through dynamic rallies and powerful speeches was crucial to their rise.

Example: The party's shift in land policy in 1928, targeting only Jewish-owned land for confiscation, helped secure farmer support.

Quote: "Nazi party exciting - rallies colourful and full of atmosphere, Hitler's speeches stirring and promised more than traditional parties"

October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

View

Political Response and Nazi Party Appeal

The political response to the crisis was led by Heinrich Bruning, whose austere policies proved deeply unpopular. The Nazi Party capitalized on this discontent by tailoring their message to different social groups.

Definition: Article 48 was an emergency provision that allowed the government to rule by decree without parliamentary approval.

Highlight: Bruning's increasing use of Article 48 (44 times in 1931, 66 times in 1932) showed the breakdown of democratic governance.

Example: The Nazi Party gained support from big business by positioning themselves as protection against communism, while simultaneously appealing to workers through nationalist rhetoric.

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History

How the Wall Street Crash Made Things Hard for Germany: The Story of the Great Depression, German Jobs, and Heinrich Bruning

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Imy

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The Impact of Wall Street Crash on Weimar Germany triggered a devastating chain of economic and political consequences that ultimately contributed to the Nazi Party's rise to power. The crash's ripple effects severely destabilized Germany's economy, leading to massive unemployment and social upheaval.

  • The death of Gustav Stresemann coincided with the crash, removing a key stabilizing figure
  • Great Depression effects on German unemployment reached catastrophic levels, with millions losing their jobs
  • German banks suffered major losses due to their investments in US markets
  • Heinrich Bruning policies and Nazi Party rise were directly connected as his austerity measures failed to address the crisis
  • The Nazi Party successfully exploited the situation by appealing to various social groups
  • Political violence and extremism increased significantly during this period
...

08/08/2023

386

 

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History

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October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

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Page 2: Government Response and Nazi Party Appeal

Heinrich Bruning's government attempted to address the crisis through austerity measures and higher taxes, but these policies faced strong opposition. The inability to govern effectively led to increased use of Article 48 emergency powers.

Vocabulary: Article 48 - Emergency decree powers that allowed governance without parliamentary approval.

Highlight: The Nazi Party successfully appealed to diverse groups including big business, working classes, and the middle class.

Example: Major companies like Benz and Krupps provided significant financial support to the Nazi Party.

October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

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Page 3: Nazi Party's Targeted Appeal

The Nazi Party strategically adapted its message to appeal to specific social groups, particularly farmers, young people, and eventually women. Their success in rural areas was remarkable, securing 60% of votes in rural areas during the 1930 Reichstag elections.

Highlight: The Nazi Party's ability to attract young Germans through dynamic rallies and powerful speeches was crucial to their rise.

Example: The party's shift in land policy in 1928, targeting only Jewish-owned land for confiscation, helped secure farmer support.

Quote: "Nazi party exciting - rallies colourful and full of atmosphere, Hitler's speeches stirring and promised more than traditional parties"

October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

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Access to all documents

Improve your grades

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Political Response and Nazi Party Appeal

The political response to the crisis was led by Heinrich Bruning, whose austere policies proved deeply unpopular. The Nazi Party capitalized on this discontent by tailoring their message to different social groups.

Definition: Article 48 was an emergency provision that allowed the government to rule by decree without parliamentary approval.

Highlight: Bruning's increasing use of Article 48 (44 times in 1931, 66 times in 1932) showed the breakdown of democratic governance.

Example: The Nazi Party gained support from big business by positioning themselves as protection against communism, while simultaneously appealing to workers through nationalist rhetoric.

October 1929 - shares in Stock exchange on Wall Street crashed Prices fell, people tried to sell shares before worth nothing People rushed t

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Page 1: The Wall Street Crash and Its Impact on Germany

The Wall Street Crash of October 1929 had devastating ripple effects across Germany's economy and society. The death of Gustav Stresemann on October 3rd, 1929, removed a stabilizing force just before the crisis hit. The crash culminated in "Black Thursday" on October 24th, when share values plummeted from $20,000 to $1,000 in a single day.

Highlight: The saying 'When America sneezes, Europe catches a cold' perfectly captured how the US economic crisis spread globally.

Example: The German Civil Servant Bank's collapse exemplified how bank failures wiped out people's savings.

Definition: The Great Depression was characterized by a 40% fall in industrial output by 1932.

Quote: "January 1933 unemployment in Germany stood at 6.1 million (1 in 3 people)"

Can't find what you're looking for? Explore other subjects.

Knowunity is the #1 education app in five European countries

Knowunity has been named a featured story on Apple and has regularly topped the app store charts in the education category in Germany, Italy, Poland, Switzerland, and the United Kingdom. Join Knowunity today and help millions of students around the world.

Ranked #1 Education App

Download in

Google Play

Download in

App Store

Knowunity is the #1 education app in five European countries

4.9+

Average app rating

17 M

Pupils love Knowunity

#1

In education app charts in 17 countries

950 K+

Students have uploaded notes

Still not convinced? See what other students are saying...

iOS User

I love this app so much, I also use it daily. I recommend Knowunity to everyone!!! I went from a D to an A with it :D

Philip, iOS User

The app is very simple and well designed. So far I have always found everything I was looking for :D

Lena, iOS user

I love this app ❤️ I actually use it every time I study.