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====Great Depression====

In 1929 the Great Depression was triggered by a massive US stock market crashed. Counterproductive and damaging economic policies exacerbated it. Financial panics and bank failures slow crept around the world. The repercussions were felt around the globe and especially in Germany. The United States could no longer provide the loans that the Weimar Republic needed. Furthermore, global trade almost came to a standstill, and many Germans became unemployed. One in three Germans were unemployed at the height of the economic crisis and poverty and hunger were widespread. The Republic was in the grip of an economic and social crisis. In 1930 the conservatives won the election. Chancellor Brunning embarked on a series of disastrous economic and political policies. His economic policies involved devaluing the German currency, but this had only the effect of causing hyperinflation that compounded Germany’s economic problems. Furthermore, Brunning discarded the Constitution and ruled by Presidential decree to manage the socio-economic conditions in the country. The Great Recession and the response of Brunning led many people to become disillusioned with the Republic and even democracy. <ref>Nicholls, Anthony James (2000). <i>[https://www.amazon.com/gp/product/0312233515/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0312233515&linkCode=as2&tag=dailyh0c-20&linkId=c73d8de75e0efebecb8d0388f55c8f79 Weimar And The Rise Of Hitler]</i>. New York: St. Martin's Press, p. 117.</ref>