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To what extent had the Weimar Republic achieved political, economic and social stability by 1929?

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Introduction

´╗┐To What Extent had the Weimar Republic achieved Political, Economic and Social Stability by 1929? Use At Least Three Historians Perspectives to Support Your Answer! By 1929 the end of the golden era the Weimar Republic had reached a degree of stability politically, economically and socially. However other factors such as the great depression and the large sums owed in borrowed money were major causes of concern during this period. Politically Germany from the period up to 1929 had achieved a state of stability. Gustav Stresemann was chancellor of a coalition government and was responsible for much of this stability. Germany joining the League of Nations in 1926 demonstrated its move out of economic depression and toward normal diplomatic status. Germany's admission was a victory for Stresemann and the republic, and a step on the road to overcoming defeat in World War 1, and becoming once again a respected member of the world community. Stresemanns fulfilment policy was another key factor in Germany's stability during this period. The Policy of Fulfillment was a policy in support of German co-operation with the terms of the Treaty of Versailles. This Policy ended passive resistance in the Ruhr and announced that Germany would comply with the Treaty of Versailles. ...read more.

Middle

Foreign loans gave Germany the jump start they needed to have a sound economic and financial footing. Chancellor Gustav Stresemann ended hyperinflation which the introduction of the new currency, rentenmark, a currency based on the value of the land. which lead to rapid growth in industry. Industry was restructured and modernised, with coal, iron and steel production surpassing pre war figures and exports doubled. The economy recovered so quickly because Germany's territory has not been a battleground in war and therefore there was no need for costly reconstruction meaning that their industry remained unscathed. Inflation, even though it caused chaos and hardship helped recovery by allowing industrialists to expand and allowed Germany's goods to sell cheaply. The loss of coal resources led to development of 'Lignite' (brown coal) and greater use of electricity. Scientific improvements in steel industry led to cheaper, better quality steel which led to ship building expanding and mass production methods. These factors to a certain degree helped Germany up to 1929 to attain stability economically. However the Economic stability during this period had its flaws. Germany's well-being was dependent on and vulnerable to' the investment whims of foreign capital.' ...read more.

Conclusion

These factors enabled Germany to be afloat financially in what can be known as the golden era. However social stability was built on bad foundations. With the large sums owed in borrowed money social classes were hit hard. All classes were effected by the Great Depression as it put a strangle hold on the government and business came to a halt. There was large scale unemployment levels and living conditions deteriorated as a consequence. No money was left to rebuild the economy so unemployment continued to drop and at the beginning of 1929 there were one and a half million people unemployed and by the end of 29 there were 3 million unemployed. Suddenly people started to resent the Weimar government and several political groups emerged. The hard won prosperity of the mid-1920s was gone and it was in these conditions that the extremist parties like the Nazis and the communists prospered. Therefore there was only a certain degree of stability socially in the period up to 1929. Therefore to a certain degree Germany had reached a state of Political, economic and social stability by 1929. However it was due to events such as the Great Depression in 1929 and the large sums owed in borrowed money caused large scale chaoses by the end of 1929. ...read more.

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