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

explain the effects of the hyperinflation of 1923 on the people of Germany.

Extracts from this document...


Using Source V and your own knowledge, explain the effects of the hyperinflation of 1923 on the people of Germany. Hyperinflation affected germany and the citizens in a massive way Prices of food and basic supplies rose by the hour. People sitting in found that their second drink could cost twice as much as their first. The source is used to show how valueless paper money was in 1923.Workers were paid up to three times a day. The wages would be collected in a wheelbarrow and taken down to the shops to be spent as quickly as possible, before prices rose any further. Shopkeepers found it almost impossible to make money. Unless they could spend their takings on new supplies immediately, they would be unable to restock their shops with goods. Many shopkeepers shut up, or opened as little as possible. Farmers refused to bring their food to towns as the money they received was worthless by the time they came to spend it. Unions bargained with employers for regular wage increases, but these failed to keep up with rising prices. At first workers believed they were doing well, but this feeling soon disappeared as they struggled to support their families. Those who were reliant on pensions from the government had it bad. The government failed to raise benefits fast enough to keep up with price rises and pensioners struggled to survive. ...read more.


By January 1923, the French were angered at Germany's poor payment record, and occupied the Ruhr region. The citizens of the Ruhr began to hate the French who were exploiting them, and so again needed someone to blame. They decided to blame the people who had agreed to pay reparations, the government. By November 1923, a situation of hyperinflation had developed. Money was becoming more and more worthless by the day. The middle classes had their savings devalued considerably, their savings would have usually been able to buy them a brand new house now couldn't even afford a loaf of bread. The new government signed the Treaty of Versailles, and this treaty was causing great anguish. The people had no one to blame but the government, the majority of the country were angered, and it could be considered that with the criticisms they were receiving off many countries, and some hatred, the new republic were doomed to fail. However, the mid 1920's witnessed the Lacarno Honeymoon 1923 saw Streisemann appointed as Chancellor. Streisemann developed a policy he called fulfilment. This was to try and show good faith in attempting to carry out the terms of peace, so to show how impossible the task was, and to try and persuade the allies to be more lenient. In came the Dawes Plan. This reorganised the Reichsbank, and levels of reparations were set to prevent inflation. ...read more.


By this time, the Reichstag saw a Nazi majority and was headed by a Nazi Chancellor. Key Nazi points were soon introduced as law. Point 25 of the Nazi 25 points, Centralisation, was evident when Hitler subordinated the local governments. When hindunberg died, Hitler appointed himself Fuhrer, and the Weimar republic came to an end. From the very start, the Weimar republic faced opposition from both sides. The public blamed their problems on the Treaty of Versailles, and blamed the government that signed it. The new government had a difficult situation on their hands. It was inevitable that the new government would have faced difficulties from the start, but to say that they were doomed is unfair. In conclusion I believe that The republic was beginning to overcome it all during the mid 1920's as economic, political, and cultural improvements were occurring, and if it hadn't been for circumstances, mainly the Wall Street Crash, the republic may have prospered for many years. These circumstances gave the Nazi's an opportunity for advancement as the people searched for a more radical solution to the depression. It was not evident that the republic was doomed from the start, but it was evident that the republic were doomed from 1930, when the country was splitting into two groups, left and right, who both wanted an end to the republic, and a change to another political system, communist or Nazi. I believe that no one factor was responsible for the collapse of the Weimar republic, but the when it all came together that's what led to its downfall. ...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 History Projects 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 History Projects essays

  1. Cold War, Berlin Wall Crisis-1961

    death when the wall was built were used to attack the communist system and the Soviet Union. Pictures such as the East German Guard jumping the barrier, were used to reinforce claims that the Soviet communist was a regime of terror, fear, and to the detriment of its nations population.


    This was one reason why people who speculated felt that since the companies were not doing well, they must sell off their shares before the share-prices dropped. After the mania of buying shares due to over-confidence, there were hardly any sellers in the stock market.

  1. The Following Were All Equally Important Problems Faced By the Weimar Republic: (i) French ...

    People's life savings were turned to nothing over night as the price of everything sky rocketed. The French in the Ruhr is linked back to the Treaty of Versailles because without such harsh terms like reparations of �6660 million then the Weimar Republic could have been able to pay them

  2. Submarines essay

    By the end of the war the Germans had lost more than 250 submarines which I think is an impressive number for the British to kill. Nautilus, the First Real Submarine.

  1. Discrimination in Nazi Germany

    The Nazis claimed it was an outburst of anger by ordinary people. In reality, however, it was organised by Goebbels. The persecution continued after Crystal Night. Goering confiscated all Jewish businesses, selling them cheaply to German businessmen. Jewish children were banned from German schools and universities.

  2. Economic Policy of Nazi Germany

    This policy was known as autarchy. Hitler remembered the effect of the British naval blockade in World War I. If the raw materials were not available in Germany, German scientists were encouraged to find synthetic (ersatz)

  1. Was Weimar Germany doomed from the start?

    This added to the debt that Germany had after WWI. Germany owed reparations to the widows and children of dead soldiers. Germany was in 150 million marks of debt. This led to a food shortage. Many Germans had to live on turnips for a considerable amount of time as there was nothing else to eat, this was nicknamed "turnip winter".

  2. Nazi Germany

    However, the worst race to the German society was Jewish, in fact Jews were not well liked in Germany or, for that matter, in most parts of Europe; Hitler had a specific hatred toward Jews and persecuted them profusely. He treated them unfairly in court, forced them to live in

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