WHAT WERE THE CONSEQUENCES OF THE STOCK MARKET CRASH ABOUT GERMANY
In 1929 a couple of financial experts had aware America that their economic system was slowing. In Sept. 2010 1929 a few investors began selling stocks in huge numbers. Individuals were aggravated and investors all of us nervous, in panic they quickly rushed to sell their shares. For the 24th of October also called the dark-colored thursday doze. 8 , 000, 000 shares had been sold. 1000 of people noticed the bundle of money slowly vanish into nothing at all. On 30 October 1929, 16 , 000, 000 shares were sold at very low prices. The Stock Market New york city in got collapsed. The booming twenties instantly arrived at a sudden end. Investors experienced lost their cash due to the crash therefore couldn't not pay their financial obligations. Many banks closed down, the rest of us lost their saving. The near future for America looked poor. People couldn't buy careless things on their own such as cars, clothes etc . Unemployment elevated, this was the start of the great depression in the thirties.
The weimar republic was devastated about the stock market crash. The crash had a devastating effect on the American economy but because America had propped up the Weimar with big loans in 1924 (the Dawes Plan) and in 1929 (the Youthful Plan), so what happened to the American economy needed to impact the Weimar republics economy. Both equally plans acquired loaned weimar money to help their overall economy. Germany necessary a lot needed especially following your hyperinflation. Today america was suffering and needed all of their loans back in assist the faltering overall economy
Stresseman had died in 1929 not able to see the outcome of his plans. Following your wall street crash America gave Germany ninety days to start to repay the money that was loaned to them. No other power got enough cash to give Germany cash injections. Britain and France were still coping with WW1. Therefore , an indigent Weimar Indonesia could only call on America for support and the lady was efficiently bankrupt right at the end of 1929 and quite incapable of lending money. Corporations...