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RISE OF THE NAZIS – WALL STREET CRASH

RISE OF THE NAZIS – WALL STREET CRASH. The Nazi party only won 12 seats or 2.5% of the vote in the 1928 general election. It was a small extreme group and very few people thought about voting for them.

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RISE OF THE NAZIS – WALL STREET CRASH

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  1. RISE OF THE NAZIS – WALL STREET CRASH • The Nazi party only won 12 seats or 2.5% of the vote in the 1928 general election. • It was a small extreme group and very few people thought about voting for them. • This all changed with the Economic Depression that resulted from the WALL STREET CRASH of October 1929.

  2. THE WALL STREET CRASH AND EFFECTS • The German economy had got lots of loans from America since 1924. This had helped to the German economy to grow. • After the Wall Street crash unemployment rose and American businesses failed, unemployment rose and American banks started to lose money. • They demanded that their loans be repaid.

  3. This took a lot of money out of the German economy and German businesses began to struggle. • Banks went out of business and German companies had to cut production and lay people off. By 1932 Industrial production was 40% lower than what it had been in 1929. • At the beginning of 1933 one in three workers or 6 million people were unemployed.

  4. As there were a lot less people at work the German government took in less money in taxes which meant they did not have enough to pay people unemployment assistance. • People became angry and desperate and started to turn completely against the Weimar Republic and the democratic political parties. • They began to turn either to the Communists or the Nazis.

  5. P55 Questions • 1) How did Hitler end up joining the Nazi party? • 2) What were the SA and the SS ? • 3) What did his party promise to do ? • 4) What was the Beer Hall Putsch and what did Hitler learn from it ?

  6. P56 Questions • 1) How did the Nazis do in the 1930 election ? • 2) Why was Bruning an unpopular Chancellor? • 3) What did the government have to do by 1932 to get laws passed? • 4) How did the Nazis fight the 1932 general election and how did they do ? • 5) Why did people start to support the Nazis in great numbers ?

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