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Great Depression / 1932 / Magazine Cover
USA / Worldwide Economic Crisis 1932.

“Amerika in der Weltkrise” (“America in the World Crisis”).

Magazine cover:
Die Woche, Heft 27, Berlin, 2. Juli 1932
Great Depression
1929 Great Depression, Germany
Triggered by the stock market crash of 1929 in the US, the global economic crisis hit Germany particularly hard. The already emerging economic downturn, the loss of exports, the considerable overcapacity and the withdrawal of foreign capital have a disastrous effect on German banks.

In view of the evolving mass misery with 6 million unemployed in 1932 in Germany alone, the first German democracy fails as a welfare state.
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