Part of The Student Room Group

  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Explain how the German economy recovered under Stresemann from 1924 but the fell into depression in 1929?

Extracts from this document...

Introduction

Explain how the German economy recovered under Stresemann from 1924 but the fell into depression in 1929? Since the depression in 1923 the German people had no confidence in the Weimar government. Hyper inflation meant the money became worthless and literally 'not worth the paper it was printed on'. It was clear that attention was required urgently and in 1923 a new government took over under Gustav Stresemann. ...read more.

Middle

This seemed to be a good solution to Germany's problems. However Germany's economic success was very precariously situated and based on uncertain foundations; the US could call back the loans at any time with very short notice, this situation would effectively ruin Germany and its economy. The Wall Street crash did just that, destroying the US economy and plunging them into long depression. The USA called in all their loans. ...read more.

Conclusion

The government's solution to this was to cut public spending and to put and increase on taxation. The death of Stresemann in the early 1929's caused to a lack of leadership, causing a collapse in the coalition government. One could say that the Weimar government made a partial recovery. The government was not completely to blame, the outside factors of the Wall Street Crash were out of their control, although the dangers of basing the recovery on loans was obviously unstable, this was one of their main mistakes. The polarisation of society did not support the Weimar system and leaned more towards a stronger less democratic system. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE USA 1919-1941 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

or


Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE USA 1919-1941 essays

  1. FDR Research Paper

    Lastly, he signed the National Industrial Recovery Act (NIRA), which created today's National Recovery Administration (NRA). This supervised industry's attempt at self-regulation by establishing fair trade in competition. (Bardhan-Quallen 58) Not many people know this about Franklin, but he was attempted to be assassinated.

  2. The great depression.

    He hit .356 with 56 home runs and 190 RBI's. Six players hit over .380 in 1930. To further illustrate the offensive production in 1930, the Philadelphia Phillies, who finished dead last and lost 102 games, hit .315 as a team.

  1. After the Wall Street Crash in 1933 the American economy collapsed and fell into ...

    President Roosevelt tackled each of the problems through the first and second New Deals. The New Deals were a series of Acts and schemes which Roosevelt hoped would pull America out of the depression. Roosevelt decided to tackle the economic problems before he did anything else because he knew that

  2. The Depression of the 1903s lead to severe problems for Britain. Had Britain recovered ...

    This lead to severe unemployment problems in Britain. Between 1929 and 1933, unemployment levels rose from 1.4 million to 3.2million people. This was a rise of nearly 2 million unemployed in less than 4 years. The unemployment was, however, not spread evenly over the country. Wales, Scotland and the North were hit terribly, whilst the Midlands, London and the South remained virtually unaffected.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work