What happened July 1931 AD - Historydraft

Historydraftbeta

Berlin, Germany
Jul, 1931
Great Depression
The Reichsbank loses 840 million marks in less than 3 weeks
Berlin, Germany
Jul, 1931
The Reichsbank loses 840 million marks in less than 3 weeks as investors pull out short-term deposits.

Continue in Storyteller
Darmstadt, Germany
Monday Jul 13, 1931
Great Depression
Danatbank becomes insolvent
Darmstadt, Germany
Monday Jul 13, 1931
Germany's second largest bank, Danatbank, becomes insolvent on July 13th. Two day bank holiday is declared. Industry suffers a catastrophic collapse.

Continue in Storyteller

<