History of the Second World War 14: The Great Depression Pt. 4 - Unemployment in Germany
Jun 24, 2020
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Germany's Economic Vulnerability
- Germany's economy after WWI was heavily reliant on foreign investments, making it vulnerable to global crises like the Great Depression.
- When the crisis hit, it caused a severe economic spiral, exposing the instability of Germany's financial structure.
Shift in Unemployment Perception
- Unemployment was historically stigmatized, but perceptions shifted as modern capitalism showed individual workers had limited control over job loss.
- Governments began collecting better unemployment data and enacted reforms to reduce political radicalism from economic despair.
Gender Bias in Employment
- Working women in Germany faced discrimination and public accusations of job-stealing, rooted in traditional gender roles and misogyny.
- This bias led to women being underrepresented in unemployment statistics due to male-dominated trade unions.