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The Wall Street Crash of 1929 had a profound impact on Germany, exacerbating the already fragile economic situation following World War I and the Treaty of Versailles. The global financial crisis led to a sharp decline in demand for German exports, resulting in widespread unemployment and economic instability. Furthermore, American banks withdrew their loans, crippling German businesses and contributing to hyperinflation. This turmoil fostered social unrest and ultimately facilitated the rise of extremist political movements, including the Nazi Party.

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In what year did wall street crash start great depression?

1929


What nickname was given on October 29 1929 when stock prices fell sharply?

The Wall Street crash.


Why did the wall street crash affect Australia in 1929?

The Wall Street Crash of 1929 affected Australia primarily due to its reliance on exports, particularly agricultural products and raw materials. As global demand plummeted, Australian exports suffered, leading to a significant decline in income and economic activity. Additionally, the crash caused a loss of investor confidence, resulting in reduced foreign investment and increased unemployment, which deepened the economic downturn in Australia during the Great Depression.


What was the impact of the Wall Street crash on Germany?

The Wall Street crash of 1929 had a devastating impact on Germany, exacerbating the existing economic struggles from World War I and the Treaty of Versailles. The crash led to a withdrawal of American loans, which had been crucial for the German economy, resulting in widespread unemployment and social unrest. This economic turmoil contributed to the rise of extremist political movements, including the Nazi Party, as many Germans sought radical solutions to their dire circumstances. Ultimately, the crash deepened the economic crisis in Germany, paving the way for significant political and social upheaval in the years that followed.


What do economists cite as the date of the first US Wall Street crash?

October 29 1929 was the date in US Wall Street Stock Market crashed.