so now we're finally on to the fall of Vermeil Germany okay so we're gonna start by looking that's one of the main events that caused the collapse of the Weimar Republic and that is the Great Depression okay so the Great Depression and we got a look at the overview of the Great Depression and we'll see wise impact was and then how by margin we shall try to deal with it okay so in October 1929 we have a disaster at the New York Stock Exchange okay so there was a collapse of shares there was a collapse of shares in its value and this bankrupted much of the US economy okay so it was the it was the biggest crash in American history at the time okay so it was one of the largest crashes in American history the largest crashes in American history and explaining it in detail is not really for the scope of this of this module but just take it from me it is very complicated economists still argue about what really caused the the Great Depression and the wall street crash in October 20 in knocked over 1929 there are a few theories but what we know is that it was one of the greatest crashes and it caused the Great Depression okay so industrial production this is in Germany industrial production fell by more than 40 percent some fifty thousand businesses went bankrupt and in February 1932 there were six million Germans officially unemployed okay I think I've said in other videos the the job of an economy is to for a macro economy is to increase gee DP GDP and decrease unemployment decrease unemployment well this wasn't exactly done during the Great Depression because we have an increase we have a decrease in GDP since industry industrial production Falls by 40 percent and 50 thousand businesses are going bankrupt that's naturally gonna have an effect on GDP and on unemployment rose to 6 million okay so for those that were still in work we still had large wage cuts where real wages fell by 1/3 by 1932 so between 1939 and 1932 1/3 in terms of wages that was cut so so 2/3 will cut effectively the majority majority of unemployed were under the age of 25 now this is important for the rise of the Nazis okay because they're not the Nazis generally attracted younger people so the Nazi Party Nazis attracted younger people attracted younger people and so we see here that these people majority of them under 25 were unemployed so they saw the Nazi Party as a way of relief for most of our finding like-minded individuals that agreed with them okay and as a result of all these problems we see homelessness and poverty increase all this happened by the way because we have American economists and American businessman pulling their investments from Germany so people who are investing in German infrastructure and German businesses pulled all that out because they wanted to save their money because of the Great Depression we also have the US government demanding reparations so US government the US government demanding demanding more reparations so we say so during the Golden Age the Dawes plan and the young plan sort of put into perspective how the reparations were going to be paid to the reparations from Versailles but when the Great Depression happened America had no money and so they tried to get all of their debtors to give them back the debts that were owed to them and one of these things were reparations so this had a very very big impact on Germany there was a political impact so this really marked the end of what we know as the Golden Age of Vimal where things were where things were going really well and in that the same month Gustav Stresemann also dies sort of the architect for the Golden Age so so the the architects for the Golden Age architect for the Golden Age okay there was no democratic politician of his caliber to replace him there's no one to solve keep everything in line we also find that in 1928 the grand coalition the coalition of SDP and other more centrist parties they became more and more unproductive and we start to see a collapse in political and in the political climate the SPD Chancellor Mullen refused to agree to cuts to the unemployed benefit budget in 1930 President Hindenburg dissolved the Reichstag when it refused to approve the budget so we see that there is starting to become discontent so we have have a disc content the Vimal republics begins to solve crumble and collapse in the 1930 election the Great Depression had a large impact on the resource so we see here when whenever we find economic when there's ever an economic downfall whenever there's a troubled economy or a recession or a depression you start to see the rise of extremist parties this happens this happens even today and we find we find that something similar has happened here the KPD Communist Party 177 seized and a Nazi Party the NSDAP won a hundred and seven seas so we see a rise so we see a rise in extremism this also made the NSDAP the second largest party in the Reichstag and because von Maur was a proportional representation system it gave them quite a lot of power within the legislature and so this made mr. Hitler over here very very happy and we have the rise and fall also of the Chancellor brooding between 1930 and 1932 because of the lack of the Reichstag majorities it was dependent on presidential decrees so Hindenburg so Hindenburg began to exercise Pat more power and to use his power okay because the Reichstag was just unproductive it was impossible to get anything passed and anything through so between 1930 1932 the Reichstag passed only 22 bills okay compared to a hundred and nine emergency decrees from Hindenburg so it was easier for Hindenburg to pass legislation than for the Reichstag - which is not how it's supposed to happen okay now how supposed to work this is why some historians argue that democracy in Germany ended in 1930 just because because Hindenburg was less democratically elected than the Reichstag he was elected however less than the Reichstag and so he just used his emergency powers to to pass legislation so in the end in 1932 we see Bruning bringing an end to Germany's reparation payments this is very important this is very important because because reparations would have made everything worse so reparations reparations would have made everything worse and so with reparations coming to an end you remember reparations causing problems even in post-war Germany with with hyperinflation nevermind with the Great Depression but Bruning success was not going to last the army was beginning to have influence within politics this was going to be an increasing problem throughout the 1930s and General von Schleicher had considerable influence in politics he oh that's a very that's not very much underlying to a well General von Schleicher had considerable influence to the point where he then became he became Chancellor and we'll look at that in later videos it's like a lost confidence in brunnen and so he was replaced by franz von Papen in 1932 so Bruning did actually bring a lot of successes so Bruning was relatively successful Bruning was relatively successful however it didn't make a difference because the political the political climate and the political Constitution was beginning to collapse and was beginning to strain under the economic problems that was the Great Depression and this is where we start to see the rise of extremists like the Nazi Party and the Communist Party and this is really the beginning of the downfall for vimar Germany