# Great Depression (1929)

URL: https://germany-history.com/timeline/1929-great-depression
Location: Germany
Categories: main-event

After the Wall Street Crash in October 1929 American loans were withdrawn. Unemployment reached six million by 1932. Chancellor Brüning governed by emergency decrees.

## Why it matters
The crisis led directly to the rise of the Nazis.

Ruler at the time: [Paul von Hindenburg](https://germany-history.com/rulers/paul-von-hindenburg)

## Sources
- [Wikipedia – Great Depression in Germany](https://en.wikipedia.org/wiki/Great_Depression_in_Germany)