If we weigh up the Depressions significance in comparison to other events like the Treaty of Versailles, does it come out on top as the most destructive? I would argue that in political, economic and social aspects other than immediate finance, yes, the Treaty of Versailles served Germany an overt 132 billion gold mark fee whereas the Depression dealt 800 million marks however Germany was able to recover socially, economically and politically from the Versailles as proved in its “Golden years” of 1924-1929s economic stability via Gustav Stresemann’s Dawes plan (800-million-mark loan with America) and Rentenmark. Social recovery as people had more freedom than under the Keiser, expressed through art such as the Bauhaus archetecture movement, …show more content…
Germany is in fact dancing on a volcano.” But USA withdrawing their loan wasn’t an inevitability. The direness of the impact seemed to be the combination of events as Germany had just managed to recover before Stresemann died just 26 days before the Wall street crash, leaving Germany without an experienced leaders fortitude, meaning a significantly more powerful impact from the Depression for Germany politically as Brunings centre spectrum government couldn’t hold its own in November 1932 before being toppled by its polar opposites of extreme left(100 seats) and right wing Nazis who had 196 with the centre party holding only 90 seats. Economically as the key difference being the Depressions incredibly high unemployment rate, 6 million by 1933, created a ‘before and after’ psychological effect, which holds significance in the solidifying of the publics dismal mind set, therefore significant in altering Germanys ethos. Germany went from innovative and modern to economically crippled and chaotic, for many this repeated the feelings from the Treaty of Versailles which produced a similar ‘before and after’ effect, of which was Weimar's inception therefor its root association, leading the public to believe that there was a clear pattern of flaw in how Germany was run, thus turned to
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
According to Abc.News, Germany had signed the debts to pay 269 million gold marks and around 96,000 tons of gold in Treaty of Versailles during 1919. The debts were unaffordable for Germans since they had also lost a lot of properties during the Great War. Followed along the debts that they had to pay to the Allies, there were the Great Depression. During 1930, the Great Depression occurs. “The total number of German workers involved in the unemployment easily reaches four million”(20,000,000 Unemployed in World," Revolutionary Age). Germans were frustrated with the government. Germans were ravenous and overwhelmed. Under this circumstances, the hopeless Germans started to believe that Hitler was the man who could bring the glory of Germany back. The propaganda poster below has shown that people were tiresome of trusting the government. The German words translated into English was “Our Last Hope— Hitler”. It indicated that Hitler was the last person as a leader they were going to believe. The poster enlarged the name “Hitler” to emphasize his importance, to attract attention, and to encourage people to join the Nazi Party.
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.
Before the Great Depression, the Nazis gained 12 seats and 2.6% of the vote in the May election of 1928. Despite this, by July 1932, Hitler gained 230 seats and 37.3% of the vote in the Reichstag. This is a dramatic increase in popularity and support with much of this success due to the Great Depression. In October 1929, the American stock market crashed, plummeting the US into a disastrous economic depression known as the Wall Street Crash. US banks recalled their loans in order to pay off their debts, but German companies were unable to pay. German business began to close and millions lost their jobs, as Germany was so dependant on US loans in order to pay their reparations. The reality of the situation made a mockery of the weak, short-lived coalition governments in the Weimar constitution as it highlighted that Germany economic recovery was dependant on US loans and hence Germany was not independent. This enabled the extremist parties to claim they knew exactly how to solve this crisis and Hitler promised the public an authoritarian government in which he could achieve Autarky as well as jobs for the thirteen million people now unemployed. This aspect of unemployment gained Hitler
In chapter 21, the Great Depression greatly affected the migrant families and local farmers. Mold of cruelty is a metaphor describing the harsh living condition that the migrant workers received from the landowners. In California, the local landowners didn’t want the migrants to take over “their land” so they armed themselves in order to prevent any uprising and threatening actions that will threaten their superiority. They felt they had a right to treat the migrants bad because they were the first to claimed the land. This treatment could be linked to WWII as the Nazi discriminated the Jews in Germany and in the United States, some people are still discriminating that immigrants the moved to the United States. Although, the men that were armed
This depression occurred when the Wall Street Crash sent America's industries and businesses into a crisis; due to America's large trade industries, this depression spread to a lot of other countries. This made the unemployment rate in Germany sky high but for the Nazi's this benefitted them because they earned more votes which were the push Hitler needed to get into power. This depression helped Hitler prey on people's fear of communism so he promised the people of Germany that he would get rid of unemployment. This promise strengthened their support to vote for the Nazi's and was a major factor for Hitler to gain domination. The Reichstag fire was also a big help to get Hitler in power because the communists were blamed for the fire that occurred which then helped the Nazi's win the 1933 election. Overall, the Treaty of Versailles only made Hitler rise to make Germany better and
Germany was now desperately seeking a strong leader that would rescue their country. The domestic crisis was the source of their anguish and Hitler who called for self determination and the abolition of the Treaty of Versailles appealed to the people. According to the revisionist views “The depression also helped to destroy German democracy and contributed to Hitler’s rise to power, and it was his dictatorship which brought war”. The rise of the Nazis cannot therefore be blamed solely on the reparations, the Weimar Republic and the Wall Street Crash both independent factors from the consequences of WWI highly contributed to the rise of the Nazis.
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
The Great Depression played a big role in helping the Nazi Party capture power. Many nations were suffering from the Great Depression in 1930, including Germany who had to pay for the war reparations. During this period of economic and politic crisis, the country had been easily influenced by the politics parties. They wanted someone who is capable and had what it takes to be their leader to lead them through the huge crisis that they were facing. Most Germans who are in desperate state as they wanted Germany to be like once, able to be proud of and not in such a state where they had to struggle to fulfill the almost impossible terms of the Treaty of Versailles. They considered that period as a disgraceful decade in their history. Due to
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
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
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.
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?