Depression of Europe

By Ryann!

  • Begining

    The Great Depression, which began in 1929, resulted in the most serious disruption in European economic life since the advent of industrialization.

  • Loans.

    Europe received almost $8 billion USD in American credit between 1924 and 1930 in addition to previous war time loans.

  • Unemployment

    The unemployment rate in Germany, Austria and Poland rose to 20% while output fell by 40%

  • Ending

    In 1939 the recession began to fall out, and people got back to there normal lives.