Effects of the crash

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By 1932 unemployment had reached over six million. Many more were unemployed, but were not allowed to register. The real total was more like nine million.

People all over Germany were desperate for money with which to feed, clothe and house their families. Consequently, it is estimated that German unemployment affected over 20 million people.

As some were evicted for not paying their rent, they became homeless. Many of the homeless camped out in the parks of Berlin.

Those who were in work endured low wages and poor conditions, as getting another job would be difficult. Richer people lost their savings and investments as banks failed.