Weimar Germany and the Great Depression Flashcards
weakness of the Weimar government
- government would be decided through the process of proportional representation = number of votes you get as a % of total vote -> number of seats you get in the Reichstag
- development of article 48 = emergency decree powers to protect the republic from crises ( BUT no clear definition of what a crisis was)
punishments of Treaty of Versailles
- article 231 = full responsibility for the war and the losses and devastation caused
- reparations worth 6.6 billion
- lost 10% of territory -> 12.5% of population now living in other countries
- army limited to 100,000 men and conscription was banned
- x submarines or airplanes allowed
- only 6 battleships
impact the ToV had on the Weimar government
the new government had no choice but to accept these punishments -> huge amounts of unpopularity aimed at the new Weimar Republic -> ‘November Criminals’
reasons for instability of Weimar republic by 1923
POLITICAL:
- Jan 1919=spartacist uprising (communist led rebellion in Berlin + want to bring communist style govt to Gr)
- Mar 1920=Kapp Putsch (right-wing nationalist inc former members of military attempts to set up new govt)
- Mar 1923=Munich Putsch (attempt by Nazi Party to overthrow the Gr govt)
FINANCIAL:
- failure to make reparation payments to french-> Fr occupies Ruhr region
- govt prints more $ = hyperinflation and currency became worthless
reasons for recovery of the Weimar govt throughout the ‘Golden Years’
- Chancellor Gustav Stresemann (aug-Nov1923) bought stability back to govt and economy = end of hyperinflation
- American provides 800 mil gold marks to kick-start economy
-reparation payments and reduced while time to pay increased (Young Plan)
limitations of recovery of the Weimar Republic
- Gr = still suspicious of democracy -> frequent changes of govt
- continuing to pay rep and deal with punishments
- eco recovery = dependent on USA loans
- extremist parties still have influence
- some views cultural changes as threat to traditional Gr values
- Stresemann died in 1929
impact of the Great Depression on Germany
- US (Wall street crash) gave 90 days to repay loans
- tariffs in US -> less Gr goods exported to USA which decrease profit
- Gr industrial production decreased by 58% in comparison to 1928 levels
- unemployment grew rapidly (6.1mil in 1933) =mass poverty
- unity with govt breaks
- extremist political parties began to increase in popularity ( Nazi + Communist)