Empire to Democracy: 12 political, economic and social condition by 1929 Flashcards
how did the First World War impact Germany politically?
political authority was transferred to the German military leaders
defeat led to the creation of a civilian constitutional government
after a brief period of ‘revolution’ where the Kaiser abdicated, anew republic was created
new system of universal suffrage and proportional representation
how did the economy fare post 1914?
economic rollercoaster
already heavily in debt, ToV worsened that
French invasion in the Ruhr
hyperinflation 1923
Dawes Plan allowed for foreign loans
1924-29 - economy appeared more stable
agriculture still struggled
balance of payments remained high 1300 million Reichsmarks between 1924-30
restrictions of the Dawes plan prevented lowered interest rates and the flooding of foreign short-term loans left Germany in a precarious position
what was the social condition of Germany like by 1929?
some new freedoms - trade unions, civil rights , welfare provisions, women’s vote
clear distinction between classes
military remained influential
living standards varied but generally rose
some experienced a more comfortable consumer lifestyle