Essay On How Did The Weimar Republic Wall Street Crash

The Weimar Republic would have continued to be a functional government far longer than achieved if not for the defeat of WWI, the economic burdens imposed by the Versailles Treaty, and the flawed Article 48 which all contributed to the down fall of Germany’s first attempt at a legitimate Democracy. This paper will argue that the societal, economical, and constitutional aspects all played a role in the hopeless Democracy Germany attempted which ultimately lead Germany into a totalitarian state that would further shake the world with the rise of the NSDAP and Adolf Hitler.

After the Golden Years, which brought great prosperity back to the economy and saw the middle class turn away from the extremists, the Wall Street Crash in 1929 occurred. The middle class turned back to the Nazi’s, especially in the industrial north of Germany. The German

This was the longest and most severe slump ever to hit the industrialized world, which lasted through most of the 1930s. The Great Depression caused mass unemployment, wide spread poverty and despair. The German economy was especially vulnerable since it was built out of foreign capital, owing mostly to debts to the United States and was very dependent on foreign trade. Adolf Hitler knew his opportunity had arrived to strengthen extreme political movements that promised to end the economic problems.

The Nazi group had a major impact on the government and influenced the decision for the next Chancellor of Germany. “...Paul von Hindenburg, had appointed Hitler Chancellor. Having won more than 37 percent of the vote in the previous year's legislative elections, Hitler's Nazi party had enough power to effectively paralyze Germany's democratic government, which had been in place since 1919,” Smith says (pg.15). This shows that Hitler's Nazi group was extremely powerful and explains how Hitler arose to power. This quote reveals that Hitler had the most power since 1919, which demonstrates how powerful Hitler will become in the future. “By the early 1930’s, Germany was in desperate shape. Its defeat in World War One and the harsh conditions imposed by the United States, Britain, and France in the 1919 Treaty of Versailles - included debilitating reparation payments to the victors - had left Germany humiliated and impoverished, with ruinous inflation eating away at its economy. The worldwide Depression that followed the 1929 U.S. stock market crash exacerbated the situation as banks

During the hardship of the 1920s and1930s, political incompetence was highlighted, the Weimar Government proved its incompetence time and time again. .The instability of the Weimar Republic was so great that the average life-span of Reich cabinets was from 6-7 months. Their incapability of providing justice to outbreaks of violence, such as political assassinations is one example of the incompetence of the Weimar Republic. When Germany found its self in undesirable economical situations due to the Treaty of Versalles, they printed money to pay off reparations, which resulted in super-inflation. During the period of super-inflation people’s life savings became worthless which contributed to the downward circle of a reduction in standard of living. As unemployment rose and people began to afford less and less with their money, people commenced searching for a better alternative to the Weimar Government. Hitler’s ability to build upon these feelings whilst offering security, prosperity and full employment, convinced Germany, in a state of disillusionment, to support the nazi party. The Weimar’s instability contributed to the collapse of the Weimar republic provided perfect conditions for the nazi party to rise to power.

Historian Carr writes "It is inconceivable that Hitler could have come into power had not the Weimar Republic being subject to the unprecedented strain of a world crisis", thus he thinks that the Wall Street Crash was the cause of problems in Weimar leading to the rise of the Nazis. In 1933 the Nazi party took control of Germany, installing Hitler as chancellor. Evidence would suggest that the Wall Street Crash was a major factor in the Nazi's rise to power, however there were other factors such as the fall of the Weimar Republic and the attraction of the Nazi ideal. Historian Conan Fischer says that "The worsening economic situation triggered the slide

1) Germany before the Fuhrer. Germany’s defeat at the end of World War I left the nation socially, politically, and economically shattered. The reparation agreements inflicted upon Germany without its’ consent at the end of the war meant that the nation was in complete financial ruin. In the wake of Germany’s defeat, public decent climaxed on the 9th November 1918 during the revolution that took place on Berlin’s Postdamer Platz. This revolution transpired as a result of the public’s culminating discontent towards the imperial monarchy, and lasted up until August 1919, which saw the establishment of the Weimar Republic. In attempts to guide Germany out of economic

By 1924, after years of crisis management and attempts at tax and finance reform, the economy was stabilised with the help of foreign, particularly American, loans. This relative "golden age" was reflected in the strong support for moderate pro-Weimar political parties in the 1928 elections. However, economic disaster struck with the onset of the world depression in 1929. The American stock market crash and bank failures led to a recall of American loans to Germany. This development added to Germany's economic hardship. Mass unemployment and suffering followed. Many Germans became increasingly disillusioned with the Weimar Republic and began to turn toward radical anti-democratic parties whose

In Germany the economy was especially vulnerable since it was built out of foreign capital, mostly loans from America and was very dependent on foreign trade. When those loans suddenly came due and when the world market for German exports dried up, the well-oiled German industrial machine quickly ground to a halt. As production levels fell, German workers were laid off. Along with this, banks failed throughout Germany. Savings accounts, the result of years of hard work, were instantly wiped out. Inflation soon followed making it hard for families to purchase expensive necessities with devalued money. Overnight, the middle class standard of living so many German families enjoyed was ruined by events outside of Germany, beyond their control. The Great Depression began and they were cast into poverty and deep misery and began looking for a solution, any solution. By mid-1930, amid the economic pressures of the Great Depression, the German democratic government was beginning to unravel. The crisis of the Great Depression

1925-1929 as the Time of Economic and Political Stability in the Weimar Republic The years 1925-1929 were described as the Golden Years for Germany. There were no attempts to over throw the government like the Sparticist uprising or the Kapp Putsch, therefore undoubtedly it was the best years compared to the problems before and after the Golden Years. The way the golden years were perceived would indicate to what extent were the years 1925 to1929 a time of economic and political stability for the Weimar Republic. There were developments in Germanyduring the Golden Years in the following essay we will learn where the developments took place and whether they disadvantaged Germany or helped her

Germany had very low employment rates in this time and it made it even harder to get back to a stable economy. In this time a lot of people had no jobs so this also did not help Germany because companies were going out of business. This directly led to the decline of Germany's economy. When having no business’s running the country as no money coming in and can not send anything out.

Third, the false Golden Age of economic prosperity created by the Dawes (1924) and Young (1929) Plans and resulting loans from the US Government the during the 1920s had come to a close as the Great Depression hit, and unemployment rose to over 6 million in Germany. Yet, the Weimar Government has survived the hyperinflation of the early 1920s, and therefore it is easy to over-estimate to impact of the Great Depression on the failure of democracy. The economic situation did help to draw more voters towards the fringe parties, and create an atmosphere more willing to foster extremist views as the Weimar Government was seen as weak and unable to cope with Germany’s problems. Thus, the first major factor attributing to the downfall of democracy in Germany was the preceding failure of the Weimar Government politically, structurally, and economically to take a firm hold over Germany.

<br>The stock market crash of 1929 effected practically every nation in the world. Germany was already suffering a post-war depression and was greatly effected. Hitler used the suffering of the masses to gain political support. He gained a strong following from the

The collapse of the Weimar Republic can not be seen as solely indebted to the severe economic problems faced during the period of its rule, but consequently it was the economic issues that became a footstep to the ultimate demise of the Republic. Subsequent to Germany’s defeat in the First World War and German Emperor Kaiser’s abdication from power, the Weimar Republic was proclaimed. The Republic that had emerged from the German Revolution of November 1918 would inevitably fall as a result of numerous issues. However, the extent of which economic problems had in the dissolution of the republic, and how these issues caused or came about due to separate concerns faced by the new democratic system became a major contributing factor.

Prior to the Great Depression, Germany was already in a poor economic and political state. More than 6 million Germans were out of work. Germany also had to pay massive reparations for supposedly being solely responsible for all the destruction that WWI caused, and the government was unstable, with several parties vying for power. The current government, the Weimar Republic, was losing support and there was no clear successor to be the new government of Germany. How did the Great Depression affect an already gloomy Germany? How did Hitler and the Nazis take advantage of the economic crisis?