The Great Depression 1929

Hello everyone, in Social studies we are learning about The holocaust.

Germany was hit the hardest during the depression because of how much loan they owe. They were told to pay billions of dollars in reparations to the allies. Many people lost their jobs and their economy fell. 

Germany has to accept full responsibility for starting world war 1 and pay for the debt they own or allied for the war they lost. They have to agree to any terms and the significant ones were the reparations, reduction in Germany military and ownership. Their army was reduced to 100 thousand. They have to get rid of a lot of their submarines, military aircraft and artillery. The treaty was one of the reasons that Hitler and the Nazi power got into power to get rid of the Chains of Versailles. This is what Germany has to accept and agree on.

In 1929 - 33 New Zealand was also affected by the depression when export prices began to plummet and fall down to 45%. As an arguited county this has a huge impact.