Section 3 Flashcards
How did the Wall Street Crash in 1929 occur?
- In October 1929, share prices began to fall on the Wall Street Stock Exchange which caused people’s investments to fall in value
- People rushed to sell their shares as they were afraid that they would deplete further in value
- On ‘Black Thursday’, 24th October 1924, 1.3 shares were sold
- This panic selling made things worse and sent prices even lower
- Shares worth $20,000 in the morning sold at $100 in the evening
- Within a week, investors lost $400m
How did the Wall Street crash spread to Germany?
- Bankers and Financiers from the US withdrew their loans from Germany, which left Germany with no money
- International Trade depleted rapidly, which meant that Germany did not get any money from exports
- As a result, many German manufacturers had to close factories and lay off workers
What were some political impacts of the Wall Street Crash?
- The Great Depression put a great strain on state finances. This caused a split in the grand coalition, with the SDP wanting to raise taxes and the DVP wanting to reduce benefits payouts
- Political figures such as Ivan Schleiches who saw it as their chance to impose a more authoritarian style of government
- The new coalition formed by Brüning in 1930 was a minority government and so required presidential decree to rule, practically making Germany a dictatorship
- In the Reichstag elections of September 1930, the Nazis became the second largest party and started to disrupt Reichstag proceedings. This caused decision making and power to shift the President and his small circle of advisors
- Political violence increased dramatically between 1930 and 1933
- In December 1931 Brüning banned political uniforms and in April 1932 banned the SA, however by the end of 1932 the SA was no longer banned
What were some social impacts of the Wall Street crash?
- The was a limit to benefit payments introduced in 1930 with women receiving fewer benefits than men
- Poverty Increased because of the depression, and so did malnutrition, disease and suicides. Shanty towns started to appear as people could no longer afford to pay rent
- The Great Depression lead to high levels of unemployment in young people: 39% for Men and 25.2% for women
- The number of youth charged with crimes increased, especially for theft and crimes against the state
- Membership of youth political groups increased during this time as these groups offered food shelter and community
- The Government established day centres and emergency labour schemes to try and reduce unemployment, however these were very unpopular and so there were strikes in 1930 and 1932
- The number of women in the workforce and so did anti woman sentiment and campaigns against ‘double earners’. In 1932 a law was passed allowing married women in the civil service to be dismissed
What were some Economic impacts of the Wall Street Crash?
- Many American companies in Germany went bankrupt, causing thousands to lose their jobs
- The Depression decreases international trade, and so German trade fell by 61% and manufacturing fell by 58%
- Many started to withdraw their money from banks as the banks started to get into difficulties
- Unemployment Increased rapidly, so by 1932 1/3 of all Germans were unemployed, or around 8,000,000 people
- Industrial areas such as the Ruhr and Silesia were affected badly and farmers were effected very badly as the sale of food had declined rapidly
What impact did the Wall Street Crash have on the rise of extremist parties?
- In the September 1930 election, extremist parties gained 2/5 of the total vote
- The KPD gained 77 seats in the Reichstag, and the Nazis grew their number of seats from 12 to 107
- The Nazi vote Increased from 810k in 1928 to 6.5million in 1930, making them the second largest party
- Since the Nazis were the second largest party in Reichstag, they were able to disrupt parliamentary proceedings so much so that the Reichstag did not sit at all between February and October 1931
How did the Wall Street crash lead to the intensification of political violence in Germany?
- Political violence during the Golden Area had slumped with only about 120 deaths between 1924 and 29
- Between 1930 and 33 political violence increase dramatically as Nazis (SA) and Communists (Red-Front fighters’ League) took their political battles to the street
- Each side tried to disrupt each other’s meetings, and this violence often led to full scale riots, especially at election time
What were some responses to the increased political violence in 1930-33?
- In December 1931, Brüning banned the wearing of political uniforms, however this ban had little to no effect as the SA still marched on the streets
- In April 1932 Hindenburg was persuaded to ban the SA outright. Similarly, this ban had no effect and political violence continued to grow
- By The end of 1932 the SA was estimate to have 400,000 members
What was the Nazi vote in 1928 compared to the Nazi vote in 1932?
1928:
- 810,000 votes
- 2.6% of the vote
1932:
- 13.75million votes
- 37.3% of the vote
What was the communist vote in 1928 compared to the Communist vote in 1932?
1928:
- 3.3million votes
- 10.6% of the vote
1932:
- 5.3million votes
- 14.3% of the vote
How did the Nazi policy of the power of will help the Nazis gain support?
- Hitler presented himself and the Nazis as a movement that was a force of change in Germany
- Nazi propaganda claimed that power, strength and determination to succeed were qualities personified by Hitler
- The Nazi movement’s parades of stormtroopers presented an image of discipline and unity
How did the Nazi policy of A racial community help them gain support?
- The Nazis spread the concept of a ‘people’s community’ or Volksgemineshaft in which all Germany Aryans would be a part
- In the real community, there would be no social classes and all Germans would be equal and have equal opportunities for all
- The belief was backward looking and harked back to a time of ‘blood and soil’ when there were no classes before industrialisation.
- The Nazis believed that rural peasants had retained their racial purity and traditional values, whereas city dwellers had lost theirs
How did the Nazi policy of struggle and war help win support?
- The Nazis glorified war and believed that it would reconstruct Germany and create a new German Reich
- Hitler pushed the belief that the struggles between races was scientifically justified
How did the Nazi policy of National Socialism help them gain support?
- The Nazis put Socialist in their name in the hopes that it would attract support from the working class; however they distanced themselves from international socialist and communist parties
- The Nazis laid out many polices that were shared by Socialist parties in their 25 point plan e.g. Nationalisation of major industries, however Hitler never fully committed to these and changed his message depending on the audience. E.g in 1929 Hitler assured business owners that a Nazi Government would not threaten them
How did the Nazi policy of the Führerprinzip help the Nazis gain support?
- Hitler believed that the Democracy of the Weimar Republic was Jewish run and not German. He also believed that it led to the growth of Communism
- Hitler also believed that the Weimar democracy established at the end of the First World War was based in betrayal by the November Criminals
- Hitler believed that the Weimar democracy had to be destroyed and be replaced by a dictatorship based in the Führerprinzip
How did the Nazi policy of aggressive nationalism help them gain support?
Hitler wanted to:
- Reverse the humiliation of the treaty of Versailles and restore to Germany the lands lost by the treaty
- Establish a ‘Greater German Reich’ in which all Germans would live within its borders
- Secure for Germany its Lebensraum to settle its people and have enough resources to provide for them
How did the Nazi policy of Anti-Semitism help them gain support?
- Hitler believed that the Jews were responsible for all of Germany’s ills and Nazi propaganda helped spread that view
- Hitler believed that the Jews had to be held responsible for Capitalism, communism, the defeat of Germany in WW1, the treaty of Versailles and the decline of Germany after WW1
How important was Hitler to Nazi success?
- By 1929, Hitler had established himself at the head of the Nazi Party and had a leadership cult created around him
- Many Germans saw him as possessing great Charisma and oratorical skills
- His speeches went on for hours and had a hypnotic effect, even though they mostly contained lies and repetition
- Hitler knew how to play on people’s fears and emotions and convince people that he had the answer
- He was able to tailor his message to his audience, and his mass appeal was crucial in winning the Nazis votes