How did the Great Depression affect Germany and the Soviet Union

History

1 answer:

Firlakuza [10]3 years ago

3 0

Answer:

In the Soviet Union, the Great Depression helped solidify Joseph Stalin's grip on power. In 1928, Stalin instituted a planned economy. His First Five Year Plan called for rapid industrialization and "collectivization" of small peasant farms under government control.

In 1929 as the Wall Street Crash led to a worldwide depression. Germany suffered more than any other nation as a result of the recall of US loans, which caused its economy to collapse. Unemployment rocketed, poverty soared and Germans became desperate.

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