Weimar Republic And The Great Depression Essay
The Great Depression played a significant role in the collapse of the Weimar Republic. It had economic, political and social impacts on Germany. The Great Depression came about due to the Wall Street Crash in October 1929. The economic crisis helped enable the Weimar’s oppositions such as Hitler to take power as they took advantage of the situation. Not creating a stable economic system after the first world war meant that when the depression hit the collapse of the Weimar Republic was inescapable.
The Weimar Republic greatly relied on the US economy because the German economy was based on loans agreed in the Dawes Plan 1924 and the Young Plan 1929. The Wall Street Crash caused lead to repercussions in Germany. Economic impacts that were affected include the number of unemployed, bankrupt companies / businesses, hyperinflation, banking crisis and loss of business for farmers due to the falling prices of crops. Investors fared that the decline of foreign exchange and decreasing gold reserves. It was the great depression that caused the …show more content…
above problems and enabled the Weimar Republic to collapse and be overthrown as this opportunity opened doors for Hitler and the Nazi Party.
Social impacts caused by the Great Depression include hyperinflation and unemployment. The collapse of banking systems caused great angst among the Germans, resulting in the loss of confidence towards the Weimar Government as many people questioned the Weimar Governments ability to solve the German people’s problems. In 1931 President von Hindenburg appealed to the US leading to the reparation payments being postponed for a year in 1931 and the termination of all reparation payment demands on German in 1932. The Great Depression lead to the misuse of Article 48 and the weakening which overtime lead to the collapse of the Weimar Republic.
Political parties such as the Nazi Party were hugely helped by the economic crisis brought about from the Great Depression.
The Nazi used propaganda to put pressure on people anxiety’s and fears. Promising a better future for Germany is when Hitler managed to receive such a high amount of votes. Many Germans throughout this time came to despise the Weimar Republic as they associated the government with the problem caused by the Great Depression.
The Great Depression caused by the Wall Street Crash was responsible for the massive collapse of the Weimar Republic. Due to the effects of the Government failing to respond effectively, the economic, political and social impacts placed on German caused many Germans to seek extreme solutions such as Nazism. The Great Depression caused disillusionment that led many to a life of poverty, this lead to the collapse of the Weimar Republic as the Nazi party promised hope and a better
future.
The Weimar Republic greatly relied on the US economy because the German economy was based on loans agreed in the Dawes Plan 1924 and the Young Plan 1929. The Wall Street Crash caused lead to repercussions in Germany. Economic impacts that were affected include the number of unemployed, bankrupt companies / businesses, hyperinflation, banking crisis and loss of business for farmers due to the falling prices of crops. Investors fared that the decline of foreign exchange and decreasing gold reserves. It was the great depression that caused the …show more content…
above problems and enabled the Weimar Republic to collapse and be overthrown as this opportunity opened doors for Hitler and the Nazi Party.
Social impacts caused by the Great Depression include hyperinflation and unemployment. The collapse of banking systems caused great angst among the Germans, resulting in the loss of confidence towards the Weimar Government as many people questioned the Weimar Governments ability to solve the German people’s problems. In 1931 President von Hindenburg appealed to the US leading to the reparation payments being postponed for a year in 1931 and the termination of all reparation payment demands on German in 1932. The Great Depression lead to the misuse of Article 48 and the weakening which overtime lead to the collapse of the Weimar Republic.
Political parties such as the Nazi Party were hugely helped by the economic crisis brought about from the Great Depression.
The Nazi used propaganda to put pressure on people anxiety’s and fears. Promising a better future for Germany is when Hitler managed to receive such a high amount of votes. Many Germans throughout this time came to despise the Weimar Republic as they associated the government with the problem caused by the Great Depression.
The Great Depression caused by the Wall Street Crash was responsible for the massive collapse of the Weimar Republic. Due to the effects of the Government failing to respond effectively, the economic, political and social impacts placed on German caused many Germans to seek extreme solutions such as Nazism. The Great Depression caused disillusionment that led many to a life of poverty, this lead to the collapse of the Weimar Republic as the Nazi party promised hope and a better
future.