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

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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.

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