Economic Difficulties: Flashcards
Why did people dislike the Weimar Republic?
The economic and political failure of the Weimar Republic was also a key factor. The Republic printed more and more paper money, leading to hyperinflation.
Why was Germany already struggling economically?
Germany was already in financial trouble. The reparations that they were forced to pay as part of the Treaty of Versailles were toking their toll. The economic effects of World War One and the depression made matters worse.
List the effects of the Great Depression.
Germany was particularly badly affected by the Wall Street Crash because of its dependence on American loans from 1924 onwards. As the loans were recalled, the economy in Germany sunk into a deep depression.
Investment in business was reduced. As a result, wages fell by 39% from 1929 to 1932. People in full time employment fell from twenty million in 1929, to just over eleven million in 1933. In the same period, over 10,000 businesses closed every year. As a result of this, the amount of people in poverty increased sharply.
What was the Great Depression associated with?
The Depression associated economic failure and a decline in living standards with the Weimar democracy. When combined with the resulting political instability, it left people feeling disillusioned with the Weimar Republic’s democracy and looking for change.
What happened to the Germans and what happened with their relationship with the government?
German with savings and those paid monthly lost the most, and this caused the middle classes to fall into poverty - many never trusted the republic again.
