“the ‘Wall Street Crash’ Was the Most Important Reason for the Increase of Support for the Nazis in the Years 1928-1932” Do You Agree?

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“The ‘Wall Street Crash’ was the most important reason for the increase of support for the Nazis in the years 1928-1932” Do you agree? The Wall Street Crash was important and helped the Nazis gain support in the years 1928 to 1932 because it gave the people of Germany a reason to listen and support them. Thanks to the American banker, Charles Dawes; Germany was able to grow and restart their industries to start making money again which helped Germany in their financial problems. Charles made this happen by coming up with the Dawes plan; this stated that the French occupation of the Ruhr was to end and that Germany could pay off their reparations each year, little by little. They could also start up their industries again. This could only happen with loans from America. In October 1929, the price of shares on the ‘Wall Street Stock Exchange’ collapsed and many Americans and American businesses went bankrupt. Now at this time, America was still loaning Germany some money but as they became bankrupt, so did Germany because the USA had pulled back their loans to Germany and expected Germany to also pay interest. Germany then fell into a deep economic depression. Some people would agree that the ‘Wall Street Crash’ was the most important reason for the increase of support for the Nazis because the depression was a bad time for Germany and its people and Hitler said he could fix it. Germany’s “last hope”. He used this to gain the Nazis some support from the people. The depression made people bankrupt and lose their jobs; Hitler and the Nazis promised people that they would get them jobs and solve unemployment. By 1930, the number of people unemployed was at 3,217,000 and the Nazis votes had gone up by 18.3%. Another reason why people would agree was that the ‘Wall Street Crash’ not only caused unemployment but also caused farmers to get evicted, have bad harvests, and
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