Economic factors were a crucial component in the collapse of the Weimar republic and therefore, the rise of the Nazi party between 1918 and 1933. According to Hugo Preuss, “Weimar was born with a curse upon it.” This refers to the harsh conditions set by the Treaty of Versailles, and also the huge reparation payments of $6600 million that Germany were forced to pay as a result of their part in WW1. This was particularly difficult for Germany as their economy was weakened from funding their war effort. However John Hiden felt that other factors contributed more to the collapse of Weimar and the expansion of the Nazis. “Versailles certainly did not doom the Republic from birth.” Another important ingredient in the rise of the Nazis was the hyper inflation of 1923. It came as a result of Germany missing one of the reparation payments. This gave the French and the Belgians the excuse to invade the heart of the German economy, the Ruhr. To limit the benefit to the invaders, a general strike was called. However this slowed and nearly stopped their economy. More money was printed to try and solve…
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…
These attempts to overthrow were very short term and only lasted a matter of days. Another short term problem included the French Occupation of the Ruhr. The treaty of Versailles states that the Allies could occupy areas in Germany as compensation if Germany failed to make a reparations payment. In 1923 Germany failed to make payments in order to give its economy a chance to stabilise, but this went against the Treaty over Versailles so France and Belgium sent troops into the Ruhr to confiscate German production, allowing France to receive the profits from German industries in the Ruhr. This caused a strike and passive resistance in protest, and German industrial production stopped. This then led to hyperinflation, another problem faced later on by the Weimar Government, finally leading to Germanys entire financial…
1923, Germany was in turmoil. Hyperinflation was at an all time high and economic disaster was looming. In August, Gustav Stresemann was to become Chancellor of Germany. By calling off passive resistance, which had occurred after the French, and Belgium armed forces invaded the Ruhr, showed that he was willing to improve relations with France. After all, this policy was bankrupting Germany. Stresemann set about stabilising the economy. He did a number of things in order to do so. Scrapping the old worthless money and replacing it with the Rentenmark- a temporary measure to add stability. Later would the Reichmark replace it. This has to be one of the most crucial things Stresemann did in order to put Germany on the right track. Therefore Germany was certainly becoming more stable but not prosperous just yet.…
1923 was an extremely crucial time for Germany with a great shift in culture, economy and government. It was falling apart; the German economy had collapsed due to the striking between German workers and French occupiers. Hyperinflation rose so much that the German people were forced to using suitcases and wheelbarrows to carrying money not to mention the fact that the collapse of the currency caused even more havoc within the economy. Due to the French’s despise and hate for Germany they tried to encourage the Rhineland to break away, this then became a Rhineland Independence Movement which made France’s intentions possible. Furthermore left wing communist governments had taken matters into their own hands. They took control of Berlin and Hitler attempted the Beer Hall Putsch in November 1923 to overthrow the government, whilst other politicians broke away from Germany. That is what led Stresemann being appointed chancellor and foreign minister of a grand coalition government.…
It all started with that stupid treaty, 'The treaty of Versailles'. It put Germany in all sorts of problems, most importantly, it made the political state of Germany totally messed up, and there was nothing there really. Hyperinflation meant that there was a high unemployment rate, and the economic state was absolutely dreadful.…
This meant $367 billion was to be paid over 30 years. (DBQ C) In order to earn such money, prices skyrocketed and hyperinflation began. In 1922, a loaf of bread cost 163 Marks by 1923 it cost 1,500,000 Marks and by November 1923 a loaf of bread cost 200,000,000,000 Marks. (About) This shows the degree of inflation that occurred in Germany during the 1920’s. This hyperinflation had a side effect, poverty. Poverty increased in Germany as prices for food went higher and taxes increased. This helped start World War II because as life got harder for the average person, it became easier for nationalist leaders to rise. Politicians promised to fix the economic problems and make people feel more secure about their futures. This also prompted people to desire revenge on the Allied powers for what they did to the German…
The Ruhr Crisis, hyperinflation and the Munich (beer hall) Putsch; these catastrophic events were great threats to the Weimar Republic. The Ruhr Crisis occurred in January 1923 when Germany missed a reparations payment to the French in 1922 therefore French and Belgium troops decided to invade the Germans raw materials and goods so the German workers went on a passive resistance. This event was a humungous threat for the Weimar Republic as they would automatically receive a bad reputation and some countries might not want any imports and exports from Germany which would affect the economics therefore makes it a gigantic threat.…
Throughout the mid 1920s Germanys economy was able to achieve certain stability and prosperity. The Dawes plan in 1924 had a substantial impact on Germanys ability to regain steadiness economically. The $800 million loan from America allowed Germany less strain on reparations. It also resulted in France agreeing to leave the Ruhr, stopping passive resistance. This allowed Germany to finally begin production of natural resources. Gustav Stresemann’s idea of increasing tax, lowering of government staff and government spending further assisted Germanys weak economy by saving money, hence increasing stability. The Young Plan in 1929 was seen as an economic step forward. Putting a deadline on when reparations had to be paid ultimately reduced the overall sum of reparations. As a result of the Dawes and Young plan, hyperinflation was terminated, relieving masses of middle class citizens. Although this was a positive step forward for Germany, it triggered a bitter resentment from the right wing towards the Weimar Republic. Whether or not Germanys prosperity and stability experienced by the Weimar republic through the 1920s was superficial, it saw a huge opportunity of Germany to gain international standing.…
Ethics CPD Article 5: Assistance in dying: Dax’s Case and other reflections on the issue…
Also the terms of the Treaty of Versailles obliged Germany to pay a huge sum in reparations to the others. In 1921, Germany couldn’t pay that sum and French troops invaded and occupied the Ruhr. They took away goods and raw materials that were strongly needed by the Germans. Those reacted by printing more money and by 1923 they had reached hyperinflation.…
In the early 1920s, Germany was especially hard-hit during the Great Depression after the first World War, mainly because of the Treaty of Versailles, which made Germany go into an extreme hyperinflation. People could not buy anything with a reasonable price.…
One of the many agreements in the Treaty of Versailles was huge reparation payments Germany had to make to all the countries on the Allied side. This drove their economy so far into the ground that they ran out of money before completely paying off their debt. The situation was only made worse when they increased the amount of money they printed, causing severe inflation. With their currency worth nearly nothing, Hitler had shown through as a beacon of hope for the nation. Much of Germany was so deep into poverty that middle-class citizens found that they “had to sell their most precious belongings for ten [million] inflated marks to buy a bit of food or an absolutely necessary coat,” (Doc 6).…
How important was Gustav Stressman, amongst other factors, in making the Weimar government successful in the years 1924 to 1929?…
As Hayek predicted, German hyperinflation after WWI completely destroyed the value of all personal bank accounts and bonds held by average Germans. The hard-earned savings of millions of middle- and working-class Germans were wiped out. The German mainstream became outraged and desperate, and they blamed the democratic Weimar government for the problems and became open to extremist alternatives, such as Communism and Nazism.…