The Great Depression began when the US Stock Market crashed in 1929. The effect of the crash was felt around the world but affec

Question

2 years ago

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The Great Depression began when the US Stock Market crashed in 1929. The effect of the crash was felt around the world but affec

ted different countries in different ways. How was the effect on Germany different from the effect on the United States? How did the Great Depression contribute to Hitler’s rise to power? Do you know of any other economic crises since the Great Depression? What was the main reason for that crisis?
If you could help me out I would love it.

History

1 answer:

Allisa [31] · Answer 1 · 2022-09-17T00:29:51+03:00

Answer:

Due to artificial prosperity.

Explanation:

The effect of great depression on Germany was severe as compared to United states because of artificial prosperity, propped up by American loans and goodwill. This great depression also contribute to Hitler’s rise to power because Hitler gives hope of employment to youth and better the economic situation of the country. Financial crisis of 2007–2008 is another economic crises since the Great Depression which was caused by deregulation in the financial industry.