to what exttent great depression responsibile for demise of republic Flashcards
what did depression provide?
provided the circumstances that made possible the collapse of democracy in Germany
why did depression play imp role in collapse of republic?
significant economic, political and psychological impact on Germany
what did depression provide?
provided opportunities for groups and individuals, such as the conservative elites and Nazis, to pursue actions which had the effect of destroying democracy in Germany
what affected the republic to the extent it did?
existing economic foundations during the Stresemann period
why did existing foundation weaken German economy?
the heavy dependence on foreign investments did not allow for an alternate means for economic success if this influx of investments was withdrawn, as they were with the depression.
why did gov introduce hyper inflation?
as the government was faced with the issue of affording reparation and pension payments, as well as having to use scarce foreign reserves to import resources to support German industries which were reliant on resources from the Ruhr
what happened with hyper inflation?
disastrous for the German economy, as the value of German currency became worthless
what did Gustav Stresemann do to stabilise economy and prosper?
made negotiations for the 1924 Dawes Plan and the 1929 Young Plan, which adjusted annual reparation payments to an amount Germany was capable of paying, and began the inflow of foreign loans, mainly arriving from the United States
what was prosperity of G heavily relied on?
foreign loans
What did the depression mean for G economically?
immediate end to foreign economic support and the withdrawal of existing loans, which caused businesses to collapse, bankruptcy in Germany’s major banks including Danat, and the continuous increase in unemployment levels, reaching 6 million in 1933.
What happened with political situation?
The political pressures which led to the fall of the Muller coalition required the use of Hindenburg’s emergency powers under Article 48, marking the beginning of presidential rule and contributing to the collapse of democracy within Germany
what happened to democratic aspects of republic?
republic began to be replaced by presidential rule as the Reichstag became increasingly irrelevant in German politics
What happened to the emergency power?
the use of emergency powers rose from five in 1930 to sixty six in 1932
What did increase in emergency power signifiy?
shift from parliamentary democracy to authoritarian power, as power no longer resided with the elected parliament, but instead with Hindenburg and his inner circle.
why did depression have greater impact on G than other countries?
the series of crises worsened the existing psychological disillusionment among the German people, which furthered the resentment of the Weimar republic