Impact of Wall Street Crash

Impact of Wall Street Crash.

• Nazi popularity soared as a result of the great depression (stemming from the Wall Street Crash).

1. The Depression caused mass unemployment, with over 6 million Germans unemployed by the year 1933.
2. In 1931, Germany's biggest bank collapsed - which made reparations even more difficult to pay.
3. The Weimar governments kept trying to change during this time in order to solve the economic problems, but none ever succeeded.
4. The Depression contributed to the collapse of the Weimar Republic in 1933. The German public hoped for a new government that could sort out these problems.
5. Extremist groups like the Nazis became more popular - they promised strong leadership.
6. There was huge outrage towards the Weimar Republic; working class were angry with their low wages and long hours; general population angry at low employment and families were desperate, many living in tents.
7. The Nazis increased in popularity during the Depression. They promised prosperity and to make Germany great again. They appealed to many Germans, including the unemployed, as well as businessmen and young people.
8. Some people supported the Nazis' anti-communist and anti-Jewish views - and by 1930, the Nazis grew to a membership of 300,000.