The Economic Crisis That Changed Everything
The Wall Street Crash of October 1929 absolutely devastated Germany's economy. On "Black Thursday," American investors lost billions, and German businesses suddenly found their loans being called in by panicked American banks.
Within just four years, unemployment skyrocketed from 1.3 million to over 6 million people. Nearly half of all young Germans aged 16-30 couldn't find work, and even 60% of university graduates were jobless.
Meanwhile, the Reichstag became powerless as moderate parties refused to work together. Chancellor Brüning's attempts to fix unemployment through higher taxes and reduced benefits were blocked because right-wing parties hated the taxes whilst left-wing parties opposed benefit cuts. The result? Political paralysis when Germany needed leadership most.
Remember: The economic crisis didn't just create poverty - it destroyed people's faith in democracy itself, making extreme alternatives seem attractive.



