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The New Deal was a constellation of economic stimulus policies and social programs enacted to lift America out of the Great Depression, and it touched every state, county, and city, as well as thousands of small towns and reached deep into rural areas with its conservation works.
The Great Depression began in the United States of America and quickly spread worldwide. [42] It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%.
The Weimar Republic was severely affected by the Great Depression. In 1926, about two million Germans were unemployed, which rose to around six million in 1932, with many blaming the Weimar Republic. As the Weimar Republic was very fragile throughout its existence, the depression was devastating and played a major role in the Nazi takeover.
The Wall Street Crash of 1929 and the ensuing Great Depression led to government efforts to restart the economy and help its victims. The recovery, however, was very slow. The nadir of the Great Depression was 1933, and recovery was rapid until the recession of 1938 proved a setback.
In the fourteen years the Weimar Republic was in existence, some forty parties were represented in the Reichstag.This fragmentation of political power was in part due to the use of a peculiar proportional representation electoral system that encouraged regional or small special interest parties [1] and in part due to the many challenges facing the nascent German democracy in this period.
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
The Great Depression was the worst economic crisis in US history. More than 15 million Americans were left jobless and unemployment reached 25%. 25 vintage photos show how desperate and desolate ...
Emergency money of the Free State of Bottleneck with a map of the region. The text reads: "Nowhere is it more beautiful than in the Free State of Bottleneck". During the turbulent early years of the Weimar Republic, there were a number of short-lived attempts to set up soviet-style republics: People's State of Bavaria (8 November 1918 – 6 ...