Short Notes on the Impact of the Great Depression on Europe

Short Notes on the Impact of the Great Depression on Europe

The impact of the Great Depression was felt worldwide.

i. As the European economy was dependent on America, the results of the Depression were disastrous. It resulted in large-scale unemployment, poverty and starvation. By 1931 there were more than 30 million workers unemployed.

ii. Some of the most reliable banks were forced to close down.

iv. In France, it led to political instability and in many countries it led to social unrest and violence.

v. In Germany it helped Hitler come to power.