between 1929 and 1933 why was germany in economic crisis
Between 1929 and 1933, high unemployment led to severe poverty in Germany. 3 0. By 1914 Germany had become Europeâs most powerful economic and military power, and was second only to the United States in the world.Four long, terrible years of warfare meant that, by 1918, Germanyâs economy was in ruins.ollapse. The collapse of the American economy after the Wall Street Crash during the autumn of 1929 had terrible consequences all over Europe. Between 1929 and 1933 there was high unemployment and severe poverty in Germany.