Why did Weimar survive the crisis of 1923-1924?

Authors Avatar

Essay Plan

Why did Weimar survive the crisis

of 1923-1924?

Introduction:

        Weimar faced many problems such as economic instability, invasion of the Ruhr and lack of support from the public and also from the military, in the years of 1923 and 1924 but overcame them all for a variety of reasons.        

Hyperinflation and other debts:

        Hyperinflation hit Germany in early 1923 but was not resolved until Stresemann was voted into power in August 1923 and recruited the economist Schacht to help formulate a solution. The Deutschemark was abolished and replaced with a new currency – the Rentenmark in Nov 1923. The supply of the new monetary system was strictly limited to 3200 million Rentenmarks. Domestic debts were reduced from 150million deutschemarks to 15pfennigs (pence) by hyperinflation. Reparations were re-scheduled by the Dawes plan in April 1924 as Germany claimed it could not afford to pay them at the current rate and Germany was given an 800million Rentenmark loan by the USA to help stabilise the economy.

Join now!

Invasion of the Ruhr:

        Germany justified the Non-payment of reparations in January 1923 using the invasion of the Ruhr by 60 000 French troops and hyperinflation as evidence they could not afford reparation payments. The Dawes plan (1924) helped to solve the issue of reparations and the invasion of the Ruhr was eventually solved when Stresemann came to chancellorship and abolished the passive resistance policy in favoured by the Cuno government as part of his foreign policy.

Stresemann’s foreign policy:

        The grand coalition was formed and this was more popular than the Cuno government as the SPD was ...

This is a preview of the whole essay