Conditions for Hitlers Rise - Economic Flashcards

1
Q

Earlier stuggles - results

A

1923 Hyperinflation
- People could not eat.
- Businesses fell
- At peak, 1 US worth 4.2 trillion mark.
- 1923 costs had soared 700 per cent.
- 300,000 deaths from starvation
- People lost hope in government (shown by Notgeld)

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2
Q

Earlier stuggles - Causes

A
  • Money printed
  • Owed money for reparations - 132 billion gold marks
  • Ruhr occupation
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3
Q

Why depression hit Germany so bad?

A
  • Was operating on loaned money from the US (was using this to pay reparations).
  • 23 billion marks borrowed from US
  • High interest to attract foreign investment but everyone was going to NY instead.
  • Unemployment was high (3 million) even before depression.
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4
Q

Immediate results of depression

A
  • 6.1 million unemployed in 1933
  • Collapse in living standards and industry stopped
  • Mood was very low and many went to extremest parties - lost faith in the democracy that failed them.
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5
Q

Proof of nazi-depression correlation

A

Votes:
1928 - 29.8% SPD, 2.6% Nazi, 75.6% turnout
1930 - 24.3% SPD, 18.3% Nazi, 82% turnout
1932 - 21.6% SPD, 37.3% Nazi, 84.1% turnout.
More people came out to vote and they wanted Hitler. 1932 was peak Nazi votes before he became chancellor and peak of depression.

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