Hi Everyone!
In the year 1929, the Wall Street Crash produced a global depression, Germany grieved the most out of all countries. As the US wasn’t sending out loans anymore so they had to withdraw a lot of money. Which had caused Germany’s economy to collapse - There was a major increase in unemployment. The number of people in poverty had climbed and Germany ended up being despairing. This led to a link of major events which had concluded j in the destruction of German destruction. A major factor of why Germany was hit the hardest during the global depression. Would be the Treaty of Versailles, which was a treaty that was supposed to. Settle disputes following the discontinuance of hostilities in WW1.
The Treaty of Versailles was a treaty signed right af3ter WW1 to create peace, which was signed by the allied and associated powers and by Germany. Germany was required to sign the treaty as Germany was thought to be at fault for starting World War 1. However, the allies wanted Germany to compensate. For all the damage they caused to the civilian population of their allies, but also for their property. Germany also had to comply with some unrelenting conditions in the treaty as a consequence.
The crash's consequences were not immediately evident in New Zealand. However, beginning in 1930, export prices began to decrease, falling by 45 per cent by 1933. This was terrible to a country that relied heavily on agricultural exports. Demand for their goods and services decreased, as did their pricing.
Great post, Rieya! You've introduced the work, answered the questions and included pictures. I suppose it makes sense for Germany to be paying for the war, but I wonder how fair of a decision that was.
ReplyDeleteSomething to improve on would be adding the questions above your answers so the readers know what you were researching :)