Name: The Great Depression in Germany
Uploaded: 2019-07-19
Duration: 4 min 57 s
Description: The Great Depression had a severe economic and political impact on Germany. It aggravated political tensions and paved the way for a brutal dictator.

Question

Explain the effects of the rise of the global depression.

Accepted Answer

A "global depression" is when the world faces a very serious and long-lasting economic problem that affects many countries. Here are some important things that happen when there's a global depression:

Economic Contraction: This means that the economy gets smaller. It's like when businesses aren't making as much money, people aren't buying as much, and many people can't find jobs. This is a big problem because it affects everyone.

Financial Crises: Sometimes, a global depression starts because there are big problems with banks and money. This can make the stock market crash and people lose a lot of their money. It's like a big financial mess that affects everyone's savings.

Social Unrest: When people are struggling to find jobs or afford things, they can get very upset. They might protest, go on strike (which means they stop working to make a point), or even have revolutions (big changes in government). They do this because they want the government to help fix the economic problems

Explain the effects of the rise of the global depression.

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