It was triggered by a stock market crash in New York City in 1929, then soon spread beyond the United States, crippling the economies of dozens of nations. The impact of the Great Depression was particularly severe in Germany, which had enjoyed five years of artificial prosperity, propped up by American loans and goodwill. As a result of the great depression in Germany, unemployment skyrocketed, and by the end of 1929, 1.5 Million Germans were unemployed. By the end of 1933, 6 million, or 26 percent of Germans were out of work. The effects of this crisis were similar that of the crisis in the US - malnutrition, starvation, and civil unrest. Stock market crash of 1929, also called the Great Crash, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world.