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'By the beginning of 1929, the prospectsFor the survival of the Weimar republicLooked good', Discuss this statement.

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Introduction

Mark Barton 12TT 28th October 2003 'By the beginning of 1929, the prospects For the survival of the Weimar republic Looked good'. Discuss this statement. Many usually consider the period between 1924 and 1929, to have been the most successful and stable years of the Weimar republic in its history, and this period of time is often considered to be the 'Golden years' of the Weimar republic. During this period of time there were no major threats to change or revolutionise the German government, and the economy seemed to have fully recovered from the chaotic years of hyperinflation. The Weimar Republic had established itself a very strong and stable reputation, and the lack of problems within Germany allowed the German people to enjoy the new stability of their country, and a continuous growth of, leisure, entertainment, growth of German industry, and mass employment. The German economy began its reformation in 1924 with the 'Dawes' plan, which rescheduled German's reparations payments over a more controllable and possible span of time. ...read more.

Middle

were in favour of the new stream of employment and the pay increases involved with industry, these factors lead to a welcome change in the standard of living for most Germans as they were able to enjoy the new prospect of stability. However, this economic recovery was built upon foreign investments, and borrowed money. The recovery was based to excessively on these factors, and this left German industry, and prosperity in a very vulnerable position, as Germany would be affected by any major fluctuations in the American economy. The economy had bought about many short-term advantages but the economic recovery was very fragile, as it was 'living on borrowed time, and borrowed money'. We must also realise that German economy cannot have been as successful due to it's second crisis seen after the wall street crash in 1929, Germany was again crippled by the return of loans and repayments to America, even though their industry had doubled in its 'Golden age'. ...read more.

Conclusion

The revolutionised economy had made way for the vast and new availability of jobs, and social benefits. The Republic had managed to satisfy the economic needs of the country, and had made a big improvement from the crisis it had been in during hyperinflation. Political stability was also in a very good way, with masses of gained support from the German people for the moderate parties who supported the Weimar Republic, and the decline in support for the Radical parties who had not been able to gain enough support to enable an uprising during 1924-1929. However, political and economical success lay upon two time bombs. Germany's political state rested upon its great support, but radical parties still remained in large numbers, and the Weimar Republic had not yet under gone another extreme situation, so the extremist parties waited for a political disaster before their strike, and what better excuse than the Wall Street Crash. The Wall Street Crash was also the basis for the flaw in the German economy, as it was vulnerable to fluctuations in the American economy, this was the reason for the complete downfall of the Republic. ...read more.

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