The Great Depression

 Why was Germany hit so hard in the Great Depression?

The great depression lasted from 1929 to 1939. This was the worst economic downfall in the world that we know. One of the most affected areas was Europe and Germany. Hitler and the Nazi party blamed the treaty Versailles for this. The Great Depression Started on the October of 1929 which sent Wall Street into panic and wiped out millions of investors. Germany suffered the most out of any nation because of a result of the recall of the US led and that caused the economy to collapse. 6 million Germans were unemployed during the great depression and 15 million us people were unemployed. As a percentage German suffered more from The Great Depression. These events lead to the destruction of German democracy.  

What did Germany have to agree to by signing the treaty of Versailles? 

On June 18 1919 The treaty of Versailles was signed at the palace of Versailles outside of Paris, France. The treaty was the one that officially ended the five years of conflict that was known as The Great War. For Germany, signing the treaty meant that Germany had to disarm, make ample territorial concessions and pay reparations to certain countries that had formed Entente powers. The treaty forced Germany to give up territory to Belgium, Czechoslovakia and Poland. Germany lost 13% of European territory in total and 1/10th of its population. Germany had to pay 6.6 billion which meant that the economy definitely wouldn't recover. 

How was New Zealand affected by the great depression?

The great depression for New Zealand began in the early 1930's and ended in 1935. From 1930 export prices started to decrease and fell a total of 45% by 1933.