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

To what extent did the Weimar achieve financial and political stability in the 1920’s.

Extracts from this document...

Introduction

To what extent did the Weimar achieve Financial and Political stability in the 1920's The Weimar inherited a country delivered from the defeat of the First World War and found itself in a very difficult situation both financially and politically; financially the country was in a state of inflation due to the former Kaiser's poor management of funds during war time. Politically the country was divided with a large number of parties spanning the entire political spectrum and civil unrest clearly apparent as the rumours of the Weimar "stabbing Germany in the back" by signing of the Treaty of Versailles. Germany's situation at this time left scope for a strong government to take control or for a weak government to fail. Financially Germany was running into trouble long before the Weimar republic was formed, due to Kaiser Wilhelm's policy of financing the war through loans and bonds as a opposed to increasing taxes and thus the roots of inflation were firmly sunk into Germany's economy prior to 1920's . With the already weak economy, the huge Versailles reparations had a disastrous effect and when Germany could no longer pay, France and Belgium took over the Ruhr, Germany's industrial heartland. ...read more.

Middle

At the same time he started paying reparations again thus France and Belgium had no reason to occupy the Ruhr and they left so it was able to start producing goods again and make money. In order to end the hyperinflation the Doitschmark was abandoned and a limited temporary currency was brought in called the Rentenmark. Once the value of money stabilised, a final currency was introduced call the Reichsmark which was made permanent and ended the inflation of the early 1920's. He employed a cunning manoeuvre to make the army more pliable getting the strongly right wing army to halt the left wing revolts in Saxony and Thuringia, this not only crushed the revolts but gained favour in the eyes of the army who Stresemann hoped to set against the dangerous right wing parties in Bavaria. He still had much to do in order to stabilise the economy and Germany's political affairs, this was made harder by the constant burden of the reparation payments. Luckily an American banker called Charles Dawes created the Dawes plan of April 1924; America loaned huge sums of money to the German economy in order to kick-start industry and help pay off reparations and thus gain favour with some of the European states . ...read more.

Conclusion

Many people at the time particularly the extremist groups argued that it didn't matter what advancements were made in the negotiation of the Versailles treaty because if these parties were in power the treaty would be destroyed, this train of thought for many undermined the work Stresemann had done to lighten the terms of the treaty. Other problems still remained, like unemployment, which was very serious during this time as jobs weren't being produced fast enough to provide work for the growing population, also agriculture went downhill as produce was imported from Poland at cheaper prices thus ruining German farmers. My personal opinion is that during this time Germany did stabilise and this was due to Stresemann's intelligent policies to work with the system as opposed to working against it. This stability may have been dependent on America but statistics show that there was prosperity and less extremism during the 1920's compared to the time immediately after the war. At the same time I also understand that the stability was based on an unpredictable factor and that was the loans from America. As well as this I realise the Weimar was a weak government due to internal flaws and it is unlikely that even if Stresemann had lived past 1929, the Weimar would have survived much longer than it did and perverted the coarse of Hitler's evil regime. ...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 Germany 1918-1939 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 Germany 1918-1939 essays

  1. Weimar, 1918 - 1923

    * In February 1921, Hess founded a National Socialist student organisation at the University of Munich; * In May 1922, Hitler officially launched the 'Youth League of the NSDAP'. These were very important in gaining the support of young people.

  2. To what extent were the problems of 1919-1923 overcome by the Weimar Government by ...

    Her citizens felt and powerless country in the sphere of Europe. The Weimar Republic did not succeed in regaining any land taken away from them by the Treaty of Versailles and therefore the government was not effective in dealing with this issue.

  1. To what extent did the Nazis achieve an economic miracle in Germany between 1933-1939?

    Firstly, there was the policy of autarky (self-sufficiency). This envisaged the creation of trading or economic community under the dominating influence of Germany, which could be developed to rival the other great economic powers. Secondly, attention was given to the emerging idea of deficit financing, which found its most obvious expression in the theories of the British economist, John Maynard Keynes.

  2. How far did the Weimar Republic achieve Financial and Political stability in the 1920s?

    People lost their savings, and pensions became worthless. This was a failing on the government's part, and one they sought to correct. This was done by taking an action known as a monetary reset, whereby on the 15 of November, 1923, the Rentenmark was introduced.

  1. " The restoration of prestige was more important than the achievement ofeconomic stability or ...

    The loss of 48% of its iron ore, 16% of its coal and 15% of its agricultural production. Hitler looked at these figures and realised that the Allied forces had ravaged Germany.

  2. To what extent had the Weimar Republic achieved political, economic and social stability by ...

    Support for the Weimar government was lost and several other political groups emerged such as the right wing Nazi's who were now gaining support. Therefore it can be seen that much of the stability during this time was a facade for what the government wanted the people.

  1. WWII History Revision Notes. How far did the Weimar Republic Recover between 1924-1928.

    They would take an oath to Hitler ? Indoctrinate them 3. They would watch propaganda films such as the ?Eternal Jew? 4. They would learn about the injustice of the Treaty of Versailles 5. They would sing nationalistic songs 6.

  2. Germany 1916-1945 revision notes.

    Scheming of Hindenburg and Von Papen [10] 3. The impact of the Depression [6] 4. The treaty of Versailles [7] 5. Memories of the problems in 1923 [2] The scheming between Hindenburg and Von Papen was possibly the most important thing in Hitler?s rise to chancellor without their scheming Hitler would have not got into power without them,

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