Great Depression In Germany Essay

     The Great Depression was a huge economic downfall in North America and involved many other industrialized countries of the world. The Depression began in 1929 and lasted for about ten years. Millions of people lost their jobs along with many businesses going bankrupt. The common misconception of the Great Depression is people think that the stock market crash was the main cause for it. There were many causes for the Depression; unequal distribution of money during the 1920’s was the main cause of the Depression. This unequal distribution happened on many different classes of people. The imbalance of money is what created such an unstable economy. The stock market was doing much worse than people thought

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

Germany emerged from World War I with huge debts incurred to finance a costly war for almost five years. The treasury was empty, the currency was losing value, and Germany needed to pay its war debts and the huge reparations bill imposed on it by the Treaty of Versailles, which officially ended the war. The treaty also deprived Germany of territory, natural resources, and even ships, trains, and factory equipment. Germany’s population was undernourished and contained many widows, orphans, and disabled veterans living in poverty. The new German government struggled to deal with these crises, which had produced a serious hyperinflation.

How does one keep faith in a country during times of destitute and agony? In 1929, the stock market crashed. Poverty struck the country fast like the huge dust storms in the west. The new president, F.D.R, promised to relieve, recover and reform the country with various organizations. Churches and other groups set up food lines. F.D.R’s main goal was to put every American to work. The dilemmas of the Great Depression were soon set out to be handled by actions by the federal and state governments.

In the lead up to the depression the Nazis had 12 seats and just two years later in the peak of the economic crisis the Nazis had 107 seats. This reflects the dissatisfaction that was shown in the present government and the fact that Hitler was the only person who promised the solutions that they people wanted. Many historians have stated that if Stressman had not died in 1929 then Germany may have recovered to its former strength and Hitler may never had the chance at gaining power. From 1930 onwards the country is being ruled by presidential decree through the use of Article 48, so therefore no party could gain a majority for the German economy to get back on its feet. Hitler took advantage of these times of hardship and promised these desperate people what they wanted, employment and a way out of these poverty times. Hitler was the only option left, and is desperate time people look for desperate politics to solve these problems. Weimar

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.

Following the economic boom of the 1920s, there was a period of economic depression. The United States and its citizens were greatly affected. There were many economic problems that occurred such as unemployment rate rising tremendously and many more. Herbert Hoover and Franklin D. Roosevelt were presidents during that time and dealt with the economic problems. They helped create programs to financially stabilize the country again. The Great Depression ended when the United States entered World War II.

Due to the failure of the Weimar Republic and general public dissatisfaction arising from poor economic conditions exacerbated by the Treaty of Versailles, coupled with the 1929 Wall Street Crash, German citizens were understandably desperate for change. Until this point in time the Nazi party, and Hitler, had been essentially unpopular. However, the economic situation ensured Hitler’s increasing popularity as the people looked toward more extreme but non-communist ideals. The initial consolidation of Nazi power in 1933 arose from key events such as the support of the Nationalist Party with the Nazis to form a coalition government, implementation of the Enabling

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.

In this essay I will assess to what extent the Depression was significant for Germany and explore how it impacted economic, political and social aspects of Germany during this time. I think that the Depression was extremely significant for Germany in many ways, with its paramount impact being its role as a catalyst in the rise of Adolf Hitler and Nazism within Germany, ultimately resulting in the Second World War.

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

From 1929 to 1945, two catastrophes occurred: the Great Depression and World War II. American political leaders established a cause-effect relationship between economic collapse and total war, based on these two events, which defined their policy approach in the post-war period. In the 1930s, American leadership, and most importantly, President Franklin Delano Roosevelt, came to view economic decline, political radicalization, and instability as forming a vicious cycle that led to utter chaos and war. Although FDR did not know the future consequences of the economic fallout, he did know that breaking the cycle was of systemic importance. FDR’s policy platform, known as the New Deal, disregarded the historical wariness for government intervention and boldly connected economic security to freedom. Essentially, he attempted to push the American system to its limit in order to save it. Even with conservative elements constantly attempting to restrain his initiatives, FDR expanded his focus in the latter years of the 1930s to include international affairs as war broke out in Europe, Africa, and Asia. FDR and other government elites openly talked about the responsibility America had to build a new world order.

The German government ordered the workers to strike as a form of passive resistance. To compensate these workers the German government printed huge amounts of new money. This led to inflation. German currency rapidly lost value. Many people were unemployed and on the brink of starvation.

The world had faced two main economic problems. The first one was the Great Depression in the early of 20th Century. The second was the recent international financial crisis in 2008. The United States and Europe suffered severely for a long time from the great depression. The great depression was a great step and changed completely the economic policy making and the economic thoughts. It was not only an economic situation bit it was also miserable making, made people more attention and aggressive until they might lose their lives. All the society was frightened from losing money, work and stable. In America the housing market was the main factor of the great depression. A crisis of liquidity appeared in the banks forming a credit crunch. This period was influenced by over extended stock market shortage of water in the south and over trusting. The American government put down some regulations to control the productions which were essential for the war.

Such an event caused many problems in the country. The first problem had been that when banks lost tons of money due to the stock market crash, they also lost the life’s savings of so many hard