Essay On How Did The Weimar Republic Recover Between 1924-1929
The period between 1924 and 1929 is known as the ‘Golden Age’ or ‘The Years of Hope’. Some people think that the Weimar Republic recovered, but others disagree and think that it’d got worse or was only a slight improvement.
During the years 1924 to 1929 the Weimar Republic appeared to recover from the disasters of 1923. The period of 1924 - 1929 is often seen as the high point of the Weimar Republic. This interpretation is also heightened by the fact that the period before it (1919-1923) was filled with the crisis and chaos of rebellions, political assassinations and hyperinflation. Also, the political and economic uncertainty that followed in 1929-1933 added to this description. Stresemann introduced a new currency called the Rentenmark, which ended hyperinflation! The introduction of the Rentenmark was highly significant, it allowed the currency to stabilise and supported by the Dawes Plan it stood a good chance of not succumbing to inflationary pressures as had previously happened. The new Rentenmark was valued at 1 Rentenmark to One Trillion old marks. Inflation stopped being a problem; the German people accepted the value of the new currency and businesses accepted it as being of worth. The new currency encouraged foreign investment in Germany’s …show more content…
This is because, there were simply too many Governments about, in the four and a half years between November 1923 – June 1928 there were six Governments, on which the average that each lasted was only around nine months. Another political problem that arose in the mid 1920’s was Political Violence. Nothing as bad as the Spartacist rising or the Kapp Putsch happened but there were attempts to challenge the authorities using lawless and violent ways. Hitler’s SA took to the streets attempting to destabilise the Republic by street violence. Many of the worst clashes broke out in Berlin between the Nazi party and the Communist
During the years 1924 to 1929 the Weimar Republic appeared to recover from the disasters of 1923. The period of 1924 - 1929 is often seen as the high point of the Weimar Republic. This interpretation is also heightened by the fact that the period before it (1919-1923) was filled with the crisis and chaos of rebellions, political assassinations and hyperinflation. Also, the political and economic uncertainty that followed in 1929-1933 added to this description. Stresemann introduced a new currency called the Rentenmark, which ended hyperinflation! The introduction of the Rentenmark was highly significant, it allowed the currency to stabilise and supported by the Dawes Plan it stood a good chance of not succumbing to inflationary pressures as had previously happened. The new Rentenmark was valued at 1 Rentenmark to One Trillion old marks. Inflation stopped being a problem; the German people accepted the value of the new currency and businesses accepted it as being of worth. The new currency encouraged foreign investment in Germany’s …show more content…
This is because, there were simply too many Governments about, in the four and a half years between November 1923 – June 1928 there were six Governments, on which the average that each lasted was only around nine months. Another political problem that arose in the mid 1920’s was Political Violence. Nothing as bad as the Spartacist rising or the Kapp Putsch happened but there were attempts to challenge the authorities using lawless and violent ways. Hitler’s SA took to the streets attempting to destabilise the Republic by street violence. Many of the worst clashes broke out in Berlin between the Nazi party and the Communist