• 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...


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.


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.


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

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. 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.

  2. The great depression.

    The most fan friendly thing baseball ever did was to host charity games in which money from tickets was donated to work relief funds. Baseball routinely gave $80,000 a year to such funds, which were raised through charity games. That not only brought people to the gates, but it also

  1. The nature and the causes of the Great Depression of 1929 in America.

    Moreover, the crash was one of the principal reasons for the decline in the American economy. The profit from financial businesses and speculations destroyed every motivation for private citizens to save money, which led to the lack of finances for investments.

  2. FDR Research Paper

    During the "Hundred Days," Roosevelt signed the Johnson-O'Malley Act, which provided federal aid to states for Indian welfare. The United States also eliminated the gold standard, hence raising domestic prices. He signed the Federal Securities Act, which provided regulations to require full disclosure to investors on new securities.

  1. The USA

    box homes "Hoovervilles" in disgust of what Hoover was doing for them. The free food handouts they got were nick-named "Hoover Stew". Those at the bottom end of society had no faith in Hoover and the new president gave them exactly this faith and hope.

  2. 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

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