Louise Chilton
How important was the impact of mass unemployment in the years 1929-1933 in bringing about the collapse of the Weimar republic?
There are many arguments to exactly why the Weimar republic collapsed and the Nazi's took over as leaders of the Third Reich.
Yet essentially, The Weimar Republic had suffered from three major problems: a systemic political crisis, with the break up of several coalition governments, a sense of national humiliation associated with the Republic due to the loss of the World War I, which had left Germany with many economic, social, and political problems. In addition to enduring high inflation and a large national debt, Germans were deeply embittered by the harsh terms of the Versailles Treaty, signed in June 1919, which formally ended the war.
The treaty called for German disarmament and huge reparation payments to the Allies.
Unable to meet the payments, Germany's currency collapsed and the German people suffered large financial losses and grave economic crises.
Worsened by the Wall Street Crash of October 1929.
The Crash had a devastating impact on the American economy but because America had propped up the Weimar Republic with huge loans in 1924 (the Dawes Plan) and in 1929 (the Young Plan), what happened to the American economy had to influence the Weimar Republic's economy.
Both plans had loaned Weimar money to prop up the country's economy, especially after the experiences of hyperinflation in 1923
Hyperinflation, and then the harsh terms of the subsequent revaluation of the Reichsmark, led to many middle class people losing much of their savings and further disillusionment with the Republic.
How important was the impact of mass unemployment in the years 1929-1933 in bringing about the collapse of the Weimar republic?
There are many arguments to exactly why the Weimar republic collapsed and the Nazi's took over as leaders of the Third Reich.
Yet essentially, The Weimar Republic had suffered from three major problems: a systemic political crisis, with the break up of several coalition governments, a sense of national humiliation associated with the Republic due to the loss of the World War I, which had left Germany with many economic, social, and political problems. In addition to enduring high inflation and a large national debt, Germans were deeply embittered by the harsh terms of the Versailles Treaty, signed in June 1919, which formally ended the war.
The treaty called for German disarmament and huge reparation payments to the Allies.
Unable to meet the payments, Germany's currency collapsed and the German people suffered large financial losses and grave economic crises.
Worsened by the Wall Street Crash of October 1929.
The Crash had a devastating impact on the American economy but because America had propped up the Weimar Republic with huge loans in 1924 (the Dawes Plan) and in 1929 (the Young Plan), what happened to the American economy had to influence the Weimar Republic's economy.
Both plans had loaned Weimar money to prop up the country's economy, especially after the experiences of hyperinflation in 1923
Hyperinflation, and then the harsh terms of the subsequent revaluation of the Reichsmark, led to many middle class people losing much of their savings and further disillusionment with the Republic.