1) Creation Of The Nazi Dictatorship 2 Depression In Germany Flashcards
Why wasn’t Gustav Stressmann’s economic policy based on firm foundations?
Because much of their new wealth came from America in the form of short-term loans.
Which influential politician helped Germany’s economy between 1923-1929?
Gustav Stressmann
What did it mean that the wealth came in the form of short-term loans?
As long as America’s economy did well, so would Germany’s. But if America’s economy was to collapse, the results would be catastrophic for Germany.
What did America decide to do during the Wall Street Crash?
Call in the loans they had given to Germany under the Dawes Plan which meant they could demand all the money back, which oed to German businesses going bankrupt.
Who else did Germany have to pay back?
The UK because of the Treaty of Versailles
How many people were unemployed in Germany by 1932?
6 million and 40% of all factory workers were unemployed
What percentage could Germany’s Unemployment Scheme afford?
They scheme could only afford to provide unemployment benefit for 30% of those who needed it and many people had to rely on handouts and soup kitchens
What was the result of this poverty?
Despair, and millions of Germans resented the Weimar. Government, felling that is wasn’t doing anything to help
In times of extreme hardship and trouble what were many people prepared to do?
Prepared to take extreme measures to achieve their goals
Who seemed to offer few solutions and who seemed to offer solutions?
Democratic parties seemed to offer few solutions but communists and nazis did
What did left wing people think?
That the government should interfere with people’s lives and thought more in terms of class
Who did the Weimar Republic also face resentment from?
From conservative groups such as the army
