Ib 20th Century History Internal Assessment: Weimar Hyperinflation

Germany and why it has gone through First World War has been subject of debate among scholars, academics and historians. Several documents have been analyzed in order to understand the subject and aims of Germany were when it went on war. Wide ranging literature is available on the subject, which concentrates on discussing the start of World War I. History is based on evaluation and examination of facts. The

The period of 1919 to 1923 saw numerous factors threaten the stability of the Weimar Republic. The political violence from both the left and right wing parties, the weakness of the Weimar Constituion itself and the economic issues such as hyperinflation all posed as threats to the stability of the Republic. However, although the statement above claims that the political violence from the right was the main threat to the stability of the republic, the Treaty of Versailles resulted in the republic itself been built upon resentment and failure. In turn, this

Second, the reparations of the Versailles Treaty further stalled Germanys attempt at a Democracy by critically maiming its economy. Germany,

It is a reasonable conclusion that to Hitler, the restoration of Germany and the damning of the Treaty of Versailles, specifically returning Germany’s right to be an equal in the world society, are linked. In a speech givin at Dusseldorf Hitler even went as far as promising to withdraw the signature that indicted Germany for starting World War One. Here Hitler also draws the comparison to returning German pride with reinstating the military heritage taken in the Treaty of Versailles. These pairings that Hitler chose to address shows the direct influence that Hitler felt the Treaty of Versailles had on weakening the German people and causing a separation from their heritage after 1919. These ideas of Hitler were not unfounded. He claimed in his speech at Munich 1922 that Germans were burdened at the end of World War I with an 8 million mark debt of their own, and the debt of the other allied countries, with similar sentiment in other speeches . The actual treaty confirms this by showing a 10+ billion mark reparations clause in section 232 right after the War Guilt Clause . A scholar by the name of Graham Darby claims that the treaty of Versailles is not the primary cause of the economic downturn and therefore not a primary influence on Hitler’s economic policy. The data however, points to one crucial fact that Mr. Darby neglects to mention in his article, the Dawes Plan. The Dawes plan was enacted during 1924 and

In addition to the damaging consequences of the First World War with the requirements of the Treaty of Versailles, certain features of Germany caused the state to be susceptible to the influence of this dangerous ideology. Along with the damage to the national ego as a result of the First World War, Germany had co-existing and conflicting highly modern strands of development forced to integrate with powerful remnants of archaic values and social structures, and had a deeply fractured parliamentary political system, and the weaknesses of this system reflected the social and political differences within the population. This shame and failure after World War I was superimposed onto a modern country which once had an advanced economy, a sophisticated state

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.

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.

Gustav Stresemann was undoubtedly significant to Germany in the 1920 and early 1930s. He was highly significant in the recovery of Germany after the Great Depression. However, during Germany’s recovery, Stresemann did not face many important issues at the time such as employment, military and social. This meant that he had a lot less support from the German public. Stresemann would have accomplished much more in the recovery of Germany if he had faced other issues which were being ignored.

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

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.

The economy appeared to have stabalised with the introduction of the Dawes Plan. Before 1924, Germany was experiencing hyperinflation. The old Papiermark was rapidly depreciating and so Germany had to print more and more of it to pay reparations. By December 1922

In this paper I will show that the German Government did have other options to finance its expenditures

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.

The instability of the newly formed Weimar Republic resulted in a weak government prone to problems, Hitler took advantage of this weakness and introduced a secure alternative. 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

In 1920-1923, the inflation of the German mark led to the decrease of private capital in German merchant banks. These banks had no choice but to take the